- The VEE price has doubled in the last seven days of negotiation, driven by whale activities
- However, intense profit took a retracement on price graphics
Vee Crypto, the native token of the Smartnft Blockv analysis platform, climbed 100% in 7 days. In doing so, he surpassed the best coins, including Bitcoin (BTC),, over the same period.
However, with 2x gains in a week, speculators began to reserve profits. At the time of the press, the Altcoin had retraced almost 40% but seemed to stabilize above the Fibonacci trace level at 50%. Will the upward trend continue?
Vee Crypto under profit
Source: VEE / USDT, tradingView
In most cases, such clever trends are always followed by withdrawals that generally relax and bounce 50% or 61.8% of FIB levels. In the case of VEE, the 50% FIB level coincided with a bullish control block (support) on the 6 -hour table. As such, the area had to act as solid support.
The lower candlestick showed that it seemed to have played at the time of the press. This meant that there was a considerable demand at the FIB level of 50%. Unfortunately, capital entrances were average, as shown in the CMF (Chaikin Money Flow) at neutral levels.
In addition, the RSI was at the pivot level, and only a rebound in the neutral zone could point out a likely recovery effort.
If key technical indicators gain traction again, VEE could write $ 0.053 or a recent summit of $ 0.067.
On the contrary, a extensive decline and a profit could lead to the VEE at $ 0.03 or $ 0.02.
Whales behind the rally
Source: intotheblock
A more in -depth examination of the factors behind the last rally revealed that the movements of the whales triggered the 100% wild pump. In particular, on February 1, VEE experienced a large transaction worth $ 130,000.
As the Blue Spikes pointed out, another whale clip of almost $ 150,000 was recorded on February 5. This recent whale clip launched the second stage of the rally. Vee pumped 64% on the day only and extended it to 160% by February 10.
Read Blockv (vee) prices taken 2025-2026
The interest of the market during the rally offered the essential fuel for Vee to go up above.
According to Santiment, the social volume has increased, referring to the increase in market interest between the social. However, weighted feeling turned negative, which could retain a strong rebound for Vee in the short term.
Source: Santiment
Notice of non-responsibility: The information presented does not constitute financial investments, exchanges or other types of advice and is only the opinion of the writer
