The post VET Technical Analysis Feb 1 appeared on BitcoinEthereumNews.com.

VET’s volume tells a dry decline story; low trading volumes indicate waning selling pressure, and combined with oversold RSI, it gives potential accumulation signals. Market participation is weak, suggesting institutional buyers may be quietly accumulating positions. Volume Profile and Market Participation VET’s 24-hour trading volume is hovering at 34.79 million dollars, reflecting participation of about 60% of the 7-day average volume. Despite the downtrend dominance with a 3.65% price drop to 0.01 dollars, a noticeable thinning is observed in the volume profile. This signals weak market participation, contrary to the high selling volumes expected in a typical healthy decline. The volume profile shows a concentrated Value Area (VA) in the 0.0083-0.01 range, where 70% of the volume occurred. Low-volume declines suggest retail selling is exhausted and big players haven’t panicked yet. Despite RSI at 26.94 in oversold territory, recovery remains limited without volume increase. Market participation has decreased by 25% over the last 3 days, influenced by BTC-focused selling in the broader crypto market. This highlights VET struggling to hold above its volume-weighted average price (VWAP) of 0.0098, but failing. Accumulation or Distribution? Accumulation Signals Volume drying up during declines stands out as a classic accumulation sign. While testing the 0.01 resistance, upward volume was 40% lower, and downward moves saw volume hit the lowest levels in the last 5 sessions. This divergence suggests weakening selling pressure and potential buyers accumulating at bottom levels. MTF volume levels (1D/3D/1W) form a strong volume base at the 0.0076 support region; this is a 74/100 scored level that has provided a bounce 3% of the time historically. Combined with oversold RSI, it may indicate the final stages of an accumulation phase. Additionally, when VET’s trading volume is normalized against BTC, there’s relative strength specific to this altcoin – a pattern suggesting silent buying…

---

Filed under: News - @ February 1, 2026 2:20 pm