Whale Accumulation: Net inflows of $1.5 million at the support level of $0.0101, reflecting institutional interest in buying shares at lower prices despite recent monthly declines of 6.6% in price.
Bullish Divergence: Major traders show a buy-to-sell ratio of 17:1 at a price level of $0.0102, indicating high confidence against bearish whale positions.
Technical stability: The relative strength index at 49.14 and Bollinger band tests indicate compressed volatility before a potential breakout in direction.
Potential for strong buying pressure: The extremely low L/S ratio of 0.3578 creates conditions for a sharp reversal if the resistance level is broken.
Technical Support Test
Price movement: VET price consolidates at $0.01019 (+1.42%), testing the lower Bollinger band support at $0.01012 amid neutral momentum.
Indicator signals: The relative strength index at 49.14 and the slightly negative MACD indicate a lack of direction, while the 99-day exponential moving average remains as overhead resistance.
Capital flows: Strong net inflows of $1.5 million during the last hour, led by large stakeholders, show institutional interest at current levels.
Divergence between whales and major traders
Trading position: The L/S ratio of 0.3578 shows a severe decline, as 75.6% of the whales short-selling have made profits from purchases at $0.01177.
Accumulation: Major traders show high confidence with a buy-to-sell volume ratio of 17:1, as they strongly trend towards buying at $0.0102.
Pressure risk: 111 whales selling short and holding 233 million VET face liquidation risk if the price recovers the resistance area at $0.0117.
Market stability and investor sentiments
Consolidation phase: VET maintains price stability without any major announcements leading to significant volatility, allowing technical structures to form near the main support.
Market breadth: Positive sentiment is supported on Binance, where the number of gaining stocks exceeds 254 against 191 losing stocks, as VET attempts to maintain its base.
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Strategic trading forecasts
Short-term: Bullish if support at $0.0101 holds; watch for a breakout above the $0.01034 level. Risk: Inability to maintain the Bollinger band base.
Medium-term: The price is likely to rebalance towards $0.0115 as short-selling whales start to take profits. Risk: Impact of general market sentiment shifting towards risk due to ETF withdrawals.
Long-term: A accumulation area has been identified at $0.0102 to strengthen the fundamental position. Risk: Continued downward trend at the macro level below the psychological level of $0.0100.
