VITE Technical Analysis in a Weekly Timeframe

1 Sep

Hello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

Last week, VITE secured a solid rebound, with a weekly close at $0.02277—a 147% gain from the support trendline. However, this week has been challenging for VITE as it faces the resistance trendline.

VITE has strong resistance around $0.040, and it's crucial for VITE to break and close above this level to continue the bullish rally. To reach its highest point, VITE will need to break through multiple resistance levels.

A rejection from the current market price (CMP) or the resistance trendline will likely cause the price to drop back toward the support trendline.

Key levels:

- Primary Resistance: $0.028 to $0.040.
- Crucial Resistance: $0.040.
- Support Trendline: $0.0108.

DYOR. NFA.

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!

Thank you!

#PEACE