VITE Technical Analysis in a Weekly Timeframe

Sep 1

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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.

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