- Vechain coin price move shows strength and sustains above EMA-200 on Thursday’s trading session
- The 24-hour trading volume in VET is at $714 Million
- The VET/BTC pair was trading at 0.00000280 BTC with a gain of 1.3%
The daily technical chart of the Vechain coin price action forecasts a sideways trend. According to pivot points, VET’s critical support level is placed at $0.07740. Whereas if it moves up, the basic resistance level to watch is $0.1470. While diving into the chart deeply, it forms a Doji candlestick pattern meaning both bulls and bears failed to gain control over the momentum.
The Moving Average Exponential (EMA), consisting of 200-EMA, acts as a reliable support in the coin price movement. Investors may observe the price is floating above the red line, so until the price resides above the EMA, it will assure an uptrend in VET.
The Stochastic RSI (Bearish) with a value of K-25 D-28 presents a sell signal in the coin. Investors may observe a declining slant and a negative crossover in the index. It may remain in negative territory for future trading sessions.
The volume of (1.81M) showcases a low volume below the Volume MA (8.58M) of 20-days. Traders are directing low volume in the order book, resulting in the price level remaining in a lower region. Investors may also observe declining volume bars in the chart.
Far Beyond Walmart China: How VeChain Coin is Leading The Global Food Industry To Adopt Blockchain
COVID-19 has an increasing impact and continues to bring new daily challenges to the food and beverage industry, including consumer confidence issues and global chaos. Supply chain. The pandemic highlights the shortcomings of the current inefficient traceability system on which we worldwide rely.
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Some of the following use cases improved customers’ business resilience during the pandemic, and some have been specifically built to mitigate the impact of COVID-19.
These examples demonstrate the feasibility of our technology and pave the way for large-scale adoption of the VeChainThor platform.
Resistance: $0.1470
Support: $0.07740