Technical analysis by CryptoAnalystSignal about Symbol VET: Buy recommendation (5/16/2025)

#VETThe price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.We have a trend to stabilize above the 100 moving average once again.We have a downtrend on the RSI indicator that supports the upward move with a breakout.We have a support area at the lower boundary of the channel at 0.02750, which acts as strong support from which the price can rebound.Entry price: 0.02936First target: 0.03070Second target: 0.03200Third target: 0.03391