VeChain Price Prediction: VET Battles Resistance as Traders Watch Open Interest Surge
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- VeChain faces strong resistance near $0.0201 despite recent recovery momentum.
- Open interest growth signals renewed trader confidence and potential volatility ahead.
- On-chain data shows cautious accumulation as inflows slightly exceed outflows.
VeChain’s price action remains in focus as it recovers from a recent market-wide sell-off. The token rebounded sharply from the $0.0100 low, but upward momentum has been contained beneath major Fibonacci and moving average resistance zones. Despite the temporary bounce, traders remain cautious as technical signals point to indecision across shorter time frames.
Market Recovery Meets Strong Resistance
After recovering from the $0.0100 capitulation zone, VeChain briefly touched $0.0201, aligning with the 61.8% Fibonacci retracement of the decline from $0.0263 to $0.0100. This level has since become a major resistance poin…
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