This news article discusses the current trading levels of VeChain (VET) and the potential for a breakout or consolidation. VET has seen notable price movements, reaching $0.0498 on January 23. Breaking the immediate resistance level at $0.0525 could push VET towards $0.055 or higher. Support levels at $0.045 and $0.043 have held firm, providing stability for traders. The article analyzes various technical indicators, such as EMAs, MACD, RSI, trendline analysis, and Fibonacci retracement levels, which suggest a bullish case for VET. If VET breaks above $0.0525, it could target $0.055 in the short term and potentially $0.058 as the next resistance level. On the downside, failing to hold above $0.048 may lead to a retreat to $0.045 or $0.043 as strong support levels. The article emphasizes that this information is for informational purposes only and does not constitute financial advice.



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