VeChain has been massively moving up the past few days and most recently broke through the $0.14 resistance level. Price has been consolidating around $0.15 for the past few days, and it looks like that could now be the next support level once it gives up the $0.15 levels. There is a good chance that price will retest the $0.14 level today for a move up to the $0.15 levels.
VeChain is a rapidly growing blockchain project that recently reported its first quarterly profit. That said, the cryptocurrency has failed to produce a sustained rise in value as the cryptomarket continues to chop and burn. That said, VeChain has recently posted several bullish signals. A new high above 0.0032 has been set, following yesterday’s close above 0.003 and a two-week rally that has pushed the trading range below 0.0015.
VeChain price is holding the $0.1400 resistance level against the US Dollar. Earlier this week it moved above the $0.1440 resistance to test the next resistance at $0.1450. However, VeChain price is currently in a downtrend and is moving below $0.1350.Summary of the situation
- VET was bullish tonight.
- Resistance at $0.14 is currently being tested.
- The next target is $0.155.
VeChain’s price analysis for today is bullish as the market has approached the previous high of $0.14. Therefore, we should see a higher top at the $0.155 resistance in the next 24 hours. Crypto-currency heat map. Source: Coin360 Overall, the cryptocurrency market was in the green for the past 24 hours. Bitcoin is up 2% and Ethereum is up about 1.68%. Filecoin (FIL) is up 25% and is now one of the best performing stocks. VET/USD opened at $0.14 after a small bullish close yesterday. Resistance at $0.14 is currently being tested, suggesting that VET is likely to make a higher high in the next 24 hours.
VeChain price movement in the last 24 hours
VET/USD was trading in a range of $0.1235 – $0.1397, indicating moderate volatility. Trading volume rose 11.7% in 24 hours to $1 billion. The total market size is $8.74 billion, putting the cryptocurrency at number 20 overall.
4-Hour Chart VET/USD – VET Preparing for Breakthrough $0.14
On the 4-hour chart, we can see that the price of VeChain is about to surpass the previous top of $0.14, suggesting that the market as a whole is poised for further gains this week. 4-hour chart VET/USD. Source: TradingView The market as a whole continues to move away from the downward price momentum of recent weeks. The 23rd. In May, the price of Vechain marked a higher low and began to climb to $0.14, where previous resistance was retested. Last week, the VET/USD pair recorded a pullback and set a low at $0.095. From there, the market moved higher over the last few days, approaching the previous high of $0.014. Therefore, we expect the price of VeChain to make a breakout upwards in the next 24 hours and reach the next resistance level of $0.155. Once the $0.155 resistance is reached, the overall momentum of VeChain’s price action will turn bullish again, and we can expect VeChain to set a new all-time high by the end of the month.
VeChain price analysis: Supplement
VeChain’s price analysis is bullish as the market has risen in recent days and is currently trying to break through $0.14 resistance. Therefore, we expect VET/USD to hit the next resistance at $0.155 in the coming days. In anticipation of further VeChain price movements, read our latest guides on how to buy Cardano, mine Zcash and invest in Bitcoin. 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 is well known for its unique design, but it calls itself a “distributed blockchain” that solves many of the inefficiencies associated with centralised blockchain protocols. By re-allocating resources on the blockchain, VeChain claims it can produce high levels of transparency to the process, as well as reduce the transaction costs for businesses.. Read more about vechain price prediction 2022 and let us know what you think.
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