Cryptocurrency Has Transformed and Replaced Intermediaries
Current State of Crypto: The cryptocurrency market is facing a critical moment, with fewer developers seeking smart contract audits and a lack of support for utility applications, leading to a decline in innovative projects.
Focus on Short-Term Profits: Investment trends are heavily skewed towards short-term profit opportunities, such as memecoins and speculative trading, rather than supporting long-term utility applications that could benefit the broader ecosystem.
Reinvention of Middlemen: The crypto industry is witnessing the return of manipulative middlemen, who complicate markets and prioritize profit over the foundational goals of decentralization and democratization that blockchain technology was meant to achieve.
Call for Action: There is a pressing need for the crypto community to refocus on building real utility applications and to challenge the prevailing culture of greed and short-sightedness that threatens the industry's potential.
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Technical Analysis for VET
Technical Sentiment Analysis for VeChain (VET) As of , VeChain (VET) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for VET stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, VET is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
VeChain (VET) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00391 | 0.00524 | 0.00677 | 0.0081 | 0.00963 | 0.011 | 0.0125 |
| Fibonacci | 0.00524 | 0.00634 | 0.00701 | 0.0081 | 0.0092 | 0.00987 | 0.011 |
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