Vechain Price Analysis:VET Crypto Price Continues To Travel In An Upside Parallel Channel

  • Vechain price is in an uptrend and can see the highs being formed in the future. It can soon cross beyond the level of $0.82
  • VET price technical indicators suggest an upside momentum for the price. In contrast, VET/BTC pair has seen a downfall of 1.9% in the intraday session.

VET crypto price is currently in an uptrend and can see the new high being formed in the future. VET price is currently seeing a gain of more than 5% in the intraday session and is trading near the value of $0.8173. The gain in the price can be accompanied with the rise in Bitcoin. The asset price has a higher ROI than most of its competitors and has made investors profitable for a long time. On coming to the daily chart the VET price continues to travel in an upside parallel channel. Vechain price may see a new high being formed. The VET/BTC pair can also see a break above the major resistance in the future . One can wait for the price action before investing in the future.

VET token price is currently down by more than 70% from its all time high . Vechain has a market cap of more than $7,137,022,735  and is ranked 23rd in the cryptoverse. The volume to Market capitalization ratio for the Vechain  is  currently near 0.17 suggesting an uptrend in price. 

Technical Indicators Hints The Consolidation Momentum For VET Crypto Price

Source: Trading view

The weekly technical chart of Vechain hints towards a bullish momentum for price in the future. VET price is currently showing a small bullish momentum on the daily chart. The bullish momentum of Vechain can see a halt near the value of $0.1. In contrast, on the downside, the price can see a bounceback from $0.06.  If the price jumps above $0.1 , then a strong upside momentum up to $0.2 can be observed. VET/BTC pair can also observe a strong bullish momentum in the future. One should invest in Vechain as per their risk adversity.

Conclusion

VET crypto price is currently in an uptrend and can soon see a bullish momentum. VET/BTC pair can soon see a strong uptrend in the upcoming days.

Technical Levels

Major Support:$0.03

Major Resistance:$0.1

Get this news hand-delivered to you on Telegram. Join our Telegram for similar News and Information related to CRYPTOCURRENCY, BITCOIN, BLOCKCHAIN NEWS, and Price prediction

This news is republished from another source. You can check the original article here

Be the first to comment

Leave a Reply

Your email address will not be published.


*