TL; DR Breakdown Vechain began the daily price analysis with the sellers controlling the market.VET/USD is trading within a range of $0.1127 – $0.1165.Most technical indicators suggest, VET/USD is trading in a bulish momentum. VeChain price analysis: General price overview Vechain began the daily VeChain price analysis as the sellers controlled the market, causing the prices to decline. The bulls caused a resistance at $0.12. VET/USD began an upswing. However, the upward momentum did not take long before the sellers came back into the market and created strong resistance to facilitate a bullish reversal. The VET price analysis for today is bullish because the market began to move higher this morning, finding support at $0.12 overnight. As a result, we anticipate VET/USD to rise further over the next 24 hours and look to defend against resistance at $0.13. The overall market traded in the green over the last 24 hours, with Bitcoin gaining 0.43 percent. Ethereum is up by 0.34 percent, while Cardano (ADA) is the best performer of major altcoins, gaining 6.6 percent. The Bollinger bands are wide on the daily price analysis chart meaning the coin is trading in a highly volatile market. VET/USD price is close to the higher band meaning the coin is trading in bullish momentum, and the coin will be bullish in the next few trading sessions. Source: Coin360 Most parts of the cryptocurrency heat map are green. This suggests that the bu...
