VET has been going down since November 2021, well over 14 months at this point. During this long bearish period, VET has been bouncing off the dotted purple line on several occasions.
Until last week it held. As seen on the chart, we're currently in the process of confirming the resistance as support. If we can make a new high above ~0.022 it would be very bullish in my eyes.
In case we're going to make a new local high in the near future, I', looking at the blue lines for potential targets.