đ VeChain (VET): Price Drop Amid Positive Network News! đ
VeChain (VET) has faced a notable price drop, generating uncertainty in the market, even with significant advancements in the network and new partnerships.
âĄď¸ Key Points:
Hayabusa Update: New staking model and tokenomics arriving on December 2! đ
Price Drop: VET fell 7.65%, breaking crucial supports.
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Indicators: RSI oversold signals possible recovery. đ
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Positives:
Fundamental Improvements: The Hayabusa update will bring better security, staking rewards, and VeBetter integration for real-world utility.
Strategic Partnerships: Collaboration with Rekord for Digital Product Passports in the EU, positioning VET for regulatory compliance and tokenization of real assets. đ
Oversold Conditions: RSI below 30 indicates strong overselling, potentially preceding a recovery.
â ď¸ Risks:
Downtrend: VET falling 7.65% in the last 24h, with technical indicators confirming a strong downtrend.
Support Break: The price fell below multi-year and 2023 support levels.
Concentrated Outflows: Data shows substantial outflows, contributing to recent devaluation.
đŁď¸ Community Sentiment:
Mixed: Expectation for the Hayabusa update, but frustration with the current price performance, despite strong fundamentals.
Keep an eye on
$VET !
#hayabusa #vamoscortar0 #vechain