The cryptocurrency and blockchain-focused news outlet, CoinDesk, has noted that VeChain is “in a holding pattern” after its price tumbled from $0.44 to $0.33 overnight.
VeChain price predictions are already on fire as the token is finally looking more solid. It has managed to hold above $0.10 support as the price has continued to climb and has recently pushed to our first major hurdle of $0.10 last week. Now, the token is starting to retest this area and is ready to surge higher.
If the crypto markets decide to give us a breather, it may be rewarded by the VeChain price exploding upwards once again. The TRON (TRX) and VeChain (VET) price movements have been well-received by investors, with the VeChain price breaking through important support and taking a step closer to the next major resistance at $0.10. The VeChain price is currently trading at $0.098, which is 2.5% less than the VeChain price at the time of writing this article.. Read more about vechain price prediction 10 and let us know what you think.Summary of the situation
- VET fell back to the $0.10 level yesterday.
- The VET/USD exchange rate remained bearish last week.
- The next target is $0.155.
Today’s price outlook for VeChain is bullish, as the market fell overnight and found support at $0.10. Therefore, we expect VET/USD to rise in the next 24 hours and reach the next resistance target at $0.155. Crypto-currency heat map. Source: Coin360 Overall, the market has traded at significant losses over the past 24 hours. Bitcoin lost 6 percent and Etyhereum lost 7.4 percent. The rest of the market follows this downward trend. VET/USD opened at $0.108 after yesterday’s bearish close. The VET/USD pair is currently testing the $0.10 support level, which, if it holds, will lead to further gains later today. Otherwise, if VET/USD breaks below $0.10, we expect further declines in the next 24 hours, with the next support at $0.07.
VeChain price movement in the last 24 hours
The price of VET/USD has been trading in a range of $0.09849 – $0.1147 for the past 24 hours, indicating moderate volatility. Trading volume fell 24.72% to $947.8 billion. The total market size is $6.4 billion, putting the cryptocurrency in 21st place overall.
4-hour chart VET/USD – VET test $0.10
On the 4-hour chart, we can see that the price of VeChain is trying to drop below $0.10, which could lead to further declines throughout the day. 4-hour chart VET/USD. Source: TradingView Overall, the market has been trading with a bearish price action pattern for the past 24 hours. VeChain’s share price is down about 80% from its last peak of about $0.25. Therefore, the bears have probably exhausted their strength and we should see a serious reversal in VET/USD next week. However, VeChain’s price action should first set a new high above the $0.14 level. The first steps towards a higher high have already been taken, as the previous swing high at $0.14 was retested on Wednesday. From there, the ETV/USD started to pull back and reached $0.10 in the last few hours. As long as the $0.10 level holds, we can expect the ETV/USD to rise today. The first price target is $0.155. A breakout of this level would create a very bullish VeChain price action pattern and likely lead to further price increases next week.
VeChain Price Forecast: Supplement
The price outlook for VeChain is bullish, as the market has found support around the $0.10 level and is currently rejecting further declines. Therefore, we expect the market to form a higher bottom until the $0.10 level is breached and move towards the next price target at $0.155. In anticipation of further VeChain price movements, check out the latest guides on how to buy Cardano, Mine Zcash and Litecoin mining software. Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.VeChain (VET) is one of the most promising projects in the cryptocurrency space, and it is showing tremendous potential. The ETH/USD pair has spent the past couple of weeks consolidating around the $0.0500 level. This price level has provided ample room for the market to regain some lost momentum. Moreover, the lack of selling pressure has allowed the market to remain in consolidation mode, which has helped to prevent the price from declining further. The price has remained above the $0.0400 mark, which has helped to stabilize the price.. Read more about vechain price prediction $75 and let us know what you think.
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