VeChain and VeThor Surge: Is a Correction or Rally Next?
TL;DR Summary
VeChain (VET) and VeThor (VTHO) have experienced significant price increases, with VET rising over 28% and VTHO surging 43% recently. This bullish trend has been accompanied by increased social metrics and trading volumes, suggesting strong market interest. However, technical indicators like the Bollinger Bands and RSI suggest potential price corrections for both tokens. VET is nearing its 20-day SMA support, while VTHO's RSI indicates it is overbought, potentially leading to a price drop to its support level around $0.0020.
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