- Vechain coin price is currently seeing a correction in the daily chart and can soon revert to a new high. It has seen a loss of more than 10% in the past 24 hours.
- VET technical indicators suggest the continuation of further correction in the downside momentum. In contrast, VET/BTC pair is down by more than 1.6% in the intraday frame
VET crypto price is currently seeing a bearish momentum but can soon revert to the upside momentum. Vechain price has seen a loss of more than 10% in the past 24 hours and is trading near the value of $0.153. The upside trend of VET might face hostility near $0.25. The support region of the coin can be seen near $0.1.
Vechain price bullish trend has come to a halt but can soon see a reversal. The bearish trend of the asset can push the asset near $0.1. One can forecast an upside trend in the asset in the future. One can invest in VET as per their needs and risk adversity
VET market dominance along with the market cap can see a bounceback in the future. Vechain volume has also observed a decline of more than 22% in the past 24 hours. The volume to Market capitalization ratio of the coin hints towards a strong upside momentum in future
VET Crypto Price May See A Strong Downside MOmentum
The weekly technical chart of the Vechain price hints towards a strong bearish trend in the price for the future. VET price is currently trading above the 100 and 50 Moving Average, with a positive crossover in the past trading session. The correction in coin price may push the asset to a lower level. The bullish momentum of VET might face resistance near the value of $0.2. If the price of the asset drops down 15 to 20% momentum above the current level then a strong downside trend can be seen. VET/BTC pair might also see a strong upside trend in the upcoming days.
Conclusion
VET coin price is currently observing a downside momentum and can soon revert to a new high. VET/BTC pair can also see a strong upside trend in the upcoming days.
Technical Levels
Major Support:$0.25
Major Resistance:$0.13