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On-Chain Elite (BGBTC) Terms | Bitget Support Center https://www.bgportable.com/support/articles/12560603823810

A recent analysis of VeChain (VET) presents a technical setup with key support and resistance levels. The report examines trendline behavior, Fibonacci targets, and market indicators that influence VET’s price movement. Crypto analyst Mind Trader noted that VET could achieve a move exceeding 100% if the price stays above $0.0230. The tweet explains that the drawn white trendline connects previous lows. This line has acted as strong support during multiple bounces. #VET : More than 100% move possible if hold above 0.0230, watch out. #VeChain pic.twitter.com/rFbtcpESii The trendline’s history of reliable support is significant. Historical price patterns suggest a potential bounce if the trendline holds. A failure to maintain this support could result in further downsides. The technical report marks the 1.27 Fibonacci extension level at $0.06765. This level coincides with an upward orange arrow on the chart. The price could rally toward the $0.067-$0.070 region if buyers step in. A previous high of $0.080 may serve as a longer-term target. The analysis further notes an upside resistance near $0.035-$0.040 if the trendline holds. Traders have observed that a successful bounce from support might lead the price towards these levels. This potential upward move is noted in the tweet. Market observers emphasize that a breakdown below key support levels, particularly near $0.020, may lead to further declines. The daily chart of VET/USDT shows price action under persistent bearish pressure. The Bollinger Bands indicate increased volatility as they expand. A small-bodied reaction near the lower band suggests buyer interest at support zones. The 20-day simple moving average near $0.02755 acts as dynamic resistance. Stochastic RSI data reveals a bullish crossover in the oversold region. The %K and %D values in the oversold zone indicate potential short-term momentum recovery. The trading volume has shown a decline in selling pressure recently. An increase in volume may support a breakout toward previous resistance levels. The analysis covers key technical aspects and established levels for VET. At the time of writing, VET was priced at $0.02314 with a 24-hour trading volume of $70,085,479. This represented a -4.54% price decline in the last 24 hours. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

How to do Spot Trading with Bitget | Bitget Support Center https://www.bgportable.com/support/articles/12560603775330?appVersion=2.52.1&time=1741900004602&androidSdk=34&language=en_US&appTheme=standard

Customer Support will never ask you to release funds | Bitget Support Center https://www.bgportable.com/support/articles/12560603796019?appVersion=2.52.1&time=1741897982488&androidSdk=34&language=en_US&appTheme=standard

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