CandleFocus VeChain (VET) “Turbo Trigger” Activated? Price Could Reach $1
2024-10-18
Author: Content Editor
VeChain (VET) is currently trading at $0.02248, down 3.75% in the past 24 hours. Historical data suggests VET could enter a "Turbo Trigger" phase and reach Fibonacci retracement levels of 1.236, 1.414, and 1.618, converging around $1. However, for a more cautious approach, short-term targets have been identified at Fibonacci levels of 0.702, 0.382, and 0.236. Extreme long-term targets have been projected at $0.19888 and $0.85850, highlighting the potential for significant returns over time. The trading market for VeChain currently has a low market capitalization and reduced activity. The daily chart shows resistance near $0.024 and support around $0.020, while the MACD indicator indicates slight bearish momentum. The RSI suggests VET is in a consolidation phase. This information is for informational purposes only and does not constitute financial advice.
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