VeChain (VET) has shown a significant improvement on the 1-hour chart since our last look. The price has successfully broken above the MA99, which previously acted as heavy resistance. While there is a slight immediate pullback from the 0.00715 local high, the short-term structure has turned bullish as the moving averages begin to curl upward.
Current Price: 0.007060
Support Zone: 0.00695 to 0.00704
Target 1 TP: 0.00715
Target 2 TP: 0.00730
Stop Loss SL: 0.00688
Suggestion
The breakout above the MA99 (0.00698) is a major trend-reversal signal. The price is currently finding support at the MA25. If VET can consolidate above 0.00704, it is well-positioned for another leg up. Keep an eye on the MA7 (0.00709) as the immediate hurdle to clear for a retest of the recent 24h highs.