The Trust Layer for Market Analysts

The analysis suggests that VETUSDT may be in a capitulation phase, potentially reaching new lows. The high from 2021 acted as a major top, with a retracement top in 2024. A lower high was made, and the low is breaking, suggesting a high probability that the price may decline to lower levels, around 0.008. As long as VET remains below 0.027, the price is expected to continue moving lower. In the shorter term, as long as VET is below 0.025, the price is considered extremely bearish, and if it stays below 0.019 it's also bearish. Only moving above 0.025 could suggest a macro low and a rally. A failure to break back over the 0.025 retracement level may confirm another move to the downside, with potential targets around 0.007, based on Fibonacci extensions. This analysis assumes that future price action depends on staying below the 0.025 and 0.019 price levels, suggesting price targets in the 0.007 area.