VET/USDT H1: Testing the upper boundary of the range

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VET/USDT H1: Testing the upper boundary of the rangeVeChain / USDTMEXC:VETUSDTTerminator_Crypto_Analyst🎯 TP1: $0.005672 (+2.73%) │ TP2: $0.005512 (+5.47%) 🛑 SL: $0.006227 (-6.79%) │ R/R: 1 : 0.81 ⚠️ The stop is wider than the TP2 target (R/R < 1) — the closer target is hit more often, but adjust your position size according to the stop loss FUNDAMENTAL BACKGROUND VET is moving in line with the general altcoin trend, pushed by the recovery of BTC and ETH but lacking its own catalysts. US Industrial Production data for August, released on 16.08.2026 and 18.08.2026, showed a 0.2% monthly growth against a forecast of 0.3%, which did not exert significant pressure on the crypto market. The Fear & Greed Index at 38 indicates cautious risk appetite, limiting the upside potential for altcoins. TECHNICAL PICTURE The price is testing the upper boundary of the range ($0.006180) with a moderate trend (ADX 22.7) favoring buyers. However, proximity to strong resistance and neutral MACD readings (line 0.0, signal -0.0) signal a potential correction. VWAP (0.01) remains above the current price, creating a pullback attraction zone. PROBABILITY MODEL Sideways movement holds the highest probability (42%), but with a reversal risk (30%). The model's confidence in selling is reinforced by the price being near the upper channel boundary (75%). ATR 9.392e-05 indicates elevated volatility, strengthening the potential for resistance rejection. DIRECTION 🔴 SELL due to testing strong resistance with zero MACD momentum.