- VeChain weekly price performance has now mounted the overall gain to 65.00%
- The intraday gain of VET Price has reached 25.00% providing a positive breakout above $0.030
- The VET/BTC pair is also performing significantly positive with an overall gain of 24.85% bringing the current level to 0.00000092 BTC
VET Price Reaches Bullish Regime
The weekly price performance chart of VeChain highlights the bullish performance which resulted in a positive crossover above the bullish landmark of $0.030. The massive positive rally was attained by the crypto asset by maintaining concrete sustainability above $0.020 from the starting of the year while facing minor resistance at $0.026. However, the remarkable emergence of the bulls in the altcoins section helped the price levels to break above the resistance point and attain new levels for the year. The CMP is placed at $0.030 with an overall gain of 22.00% bringing the market capitalization to $2,012,937,037 with the 24-hour volume traded of $799,658,186.
VET Price Indicates Strong Establishment of Bulls on Technical Chart
The technical chart highlights the gradual positive momentum built by the VET price levels which faced minor resistance at regular intervals. The digital asset gave a bullish indication by providing a positive crossover above the resistance line placed at 0.382fib level. If the price level is able to manage complete sustainability above the bullish landmark of $0.030, VeChain can attain further new levels for the year.
The moving average convergence & divergence (MACD) is showcasing extreme bullish nature as multiple bullish crossovers.
The relative strength index (RSI) had a positive breakout for the second time to the overbought regime.
The directional movement index (DMI) also showcases significant bullish nature as +DI remains above ADX and -DI.
Resistance Level: $0.032 & $0.035
Support Level: $0.025