The pair $VET / USDT has experienced a strong shakeout on the 1-hour timeframe after the price was rejected from the level of 0.01150, where it dropped sharply to a strong demand zone between 0.01033 – 0.01053.
In this area, buyers absorbed significant selling pressure, leading to a quick rebound.
Currently, the price is trading near 0.01061 with an increase in trading volumes, while it is pressing below an important resistance at 0.0110 – 0.0112.
A breakout of this range and stability above it could trigger a strong momentum wave towards recent highs.
Conversely, breaking the level of 0.0105 downwards will reopen the door to bearish risks.
In summary:
This scene represents a classic battle between accumulation and distribution at a critical turning point in price movement.
VET
0.01018
-6.69%