- The RSI line has shown impressive growth in value
- The VET/BTC pair was trading at 0.0000020.91 BTC with a gain of 3.01%
- The 24hr volume for the VET coin is $921.1 Million, indicating a 16% hike
The VET coin chart displayed an excellent opportunity for crypto traders when the price breached the $0.128 neckline of the inverted and shoulder pattern of the daily time frame chart. However, the price could pull back to retest this level for proper support, providing a better entry opportunity for these traders. The VET Coin’s current price is $0.132, with an intraday gain of 2.35%.
About the EMA’s, the VET coin price is trading above the crucial EMA’s of 20, 50, 100, and 200, indicating a bullish trend alignment.
The RSI (BULLISH) current value is 65, indicating a strong recovery in its value concerning the coin’s price action.
The VET Coin In The 4hr Time Frame Chart
In this lower time frame chart, the VET coin price seems to be obtaining good support from the $0.128 mark, providing more confirmation for the presence of sufficient demand pressure. The next nearest resistance for the price would be at the $0.14 mark. Furthermore, the chart displays a new ascending trendline, which can be used as dynamic support to the coin price.
The moving average convergence/divergence indicator shows both the MACD signal lines moving above the neutral zone (0.00), indicating the bullish momentum in the VET coin.
The super trend indicator displays a steady uptrend in this lower time frame chart.
Conclusion: From the technical perspective, the VET coin shows a positive outlook in its price action and indicators, indicating a fair coin to look for some good long opportunities. As mentioned, the coin price has provided a breakout from a bullish pattern, and VET trade can consider positioning their funds in this coin if the price shows good sustainability above $.0128.
Support: $0.108
Resistance: $0.127