VeChain (VET) Emergence Of A Bullish Trend.
VeChain (VET)
The local trend for VET seems somewhat uncertain. The asset is now trading between a support zone of $0.0158-$0.0164 and a resistance level of $0.0175-$0.0180.
If it moves beyond this bracket upwards, VET might target the seller-dominated range at $0.0186-$0.0190, with a shot at solidifying its position above the psychological $0.0200 mark. This would suggest the emergence of a bullish trend.
VET is highly correlated with the BTC, especially during declines. As such, any downtick in BTC tends to ripple into VeChain's trajectory. Beneath the present support threshold, seller momentum gathers at $0.0155, dipping further to the monthly low at around $0.0146.
The local trend for VET seems somewhat uncertain. The asset is now trading between a support zone of $0.0158-$0.0164 and a resistance level of $0.0175-$0.0180.
If it moves beyond this bracket upwards, VET might target the seller-dominated range at $0.0186-$0.0190, with a shot at solidifying its position above the psychological $0.0200 mark. This would suggest the emergence of a bullish trend.
VET is highly correlated with the BTC, especially during declines. As such, any downtick in BTC tends to ripple into VeChain's trajectory. Beneath the present support threshold, seller momentum gathers at $0.0155, dipping further to the monthly low at around $0.0146.
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