VETUSDT on the Edge – Is a Major Breakdown Coming?Yello! Is VETUSDT on the verge of a bigger drop, or could a reversal be in play? The price action is signaling a critical moment, and traders need to stay sharp. A major move is brewing let’s analyze the setup.
💎#VETUSD remains under strong bearish pressure, repeatedly rejecting from the descending trendline and key supply zone. Price is also trading below the 200 EMA, reinforcing the bearish momentum and signaling that sellers remain in control. Until VET reclaims $0.02695, the risk of further downside remains high.
💎The next major support level to watch is $0.02117, where a temporary bounce could occur. However, if selling pressure continues, VET is likely to push lower toward $0.01906, a historically strong accumulation zone. This level will be crucial either it holds as a buying opportunity, or we see deeper downside continuation.
💎For the bulls to regain control, it must reclaim $0.02695 and break past the supply zone. A sustained push beyond $0.025, combined with strong buying momentum, could indicate the start of a recovery. However, a true trend reversal will only be confirmed if NYSE:VET closes above $0.02695 and reclaims the 200 EMA, invalidating the bearish setup and signaling bullish strength.
Patience is key, Paradisers. The market rewards those who wait for confirmation instead of chasing every move.
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