Tuesday, March 28, 2023
cryptonews100
No Result
View All Result
CryptoNews100
No Result
View All Result
Home Alt Coins VeChain

VeChain price still eyes $0.20 as VET bulls continue defending critical support

cryptonews100_tggfrn by cryptonews100_tggfrn
November 14, 2021
in VeChain
0
VeChain price could drop another 20% as crypto markets continue to tumble
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


  • VeChain price seems north regardless of the reversal from half-yearly highs.
  • VET bulls stay hopeful whereas above the important thing $0.1490 support.
  • VET’s path of least resistance seems to the upside amid bullish RSI.

VeChain price has entered a part of bullish consolidation following a pullback from six-month highs of $0.1898, as VET consumers catch a breather earlier than considering the following leg larger.

Regardless of the latest listless efficiency in VeChain price, bulls stay motivated by the upbeat forecasts from the business consultants.

Recently, Justin Bennet, a cryptocurrency analyst, tweeted out that “#Bitcoin above $65,000 = $1.60 $VET by December, IMO. If December peaks wanting that and the cycle runs till March 2022, #VET is probably going within the $2 – $3 vary.”

The sentiment round VeChain additionally stays underpinned by its elevated adoption, as a rising record of apps has been developed utilizing the VeChainThor public blockchain. Markets opine that VeChain’s blockchain expertise is constructed to unravel real-world issues, particularly within the face of a provide chain disaster grappling with the worldwide economic system.

VeChain price yearns for acceptance above $0.1650

VeChain’s every day chart exhibits that VET price is struggling to construct on Saturday’s minor rebound, as sellers continue to lurk close to $0.1650.

A agency break above the latter might revive the bullish pursuits, serving to kickstart a contemporary upswing in the direction of the six-month highs.

The subsequent cease for VET bulls shall be seen on the $0.20 spherical determine. Additional up, VET optimists might problem the degrees not seen since Could 12 at round $0.22.

The 14-day Relative Energy Index (RSI) is buying and selling flat, on the time of writing, explaining the continuing aspect pattern within the coin. Though, the dangers stay skewed to the upside, as the main indicator continues to take a seat above the 50.00 stage.

VET/USD: Each day chart

VeChain’s bullish potential will probably stay intact so lengthy as the price manages to carry above the critical support round $0.1490, the place the latest vary lows coincide with the 21-Each day Transferring Common (DMA) and the rising trendline support.

If the latter provides manner on a every day closing foundation, then a steep drop in the direction of the bullish 50-DMA at $0.1277 shall be on VET sellers’ radars.

A dense cluster of wholesome support ranges round $0.12 aligns additional south, which includes the 100 and 200-DMAs.

All in all, the trail of least resistance for VET price seems to the upside.

 



Source link

Related articles

Solana (SOL) Falls 0.02%, Underperforms the Crypto Market Thursday – InvestorsObserver

Ethereum Classic and VeChain Pick Up Steam While The Orbeon … – The Coin Republic

March 27, 2023
Solana (SOL) Falls 0.02%, Underperforms the Crypto Market Thursday – InvestorsObserver

VeChain (VET) Down 0% Sunday: What's Next? – InvestorsObserver

March 27, 2023
spot and derivatives trading, low fees! Use VPN to Spain if in US.
Tags: bullsContinuecriticaldefendingeyespricesupportVeChainVET
Share76Tweet47
kucoin-exchange

Related Posts

Solana (SOL) Falls 0.02%, Underperforms the Crypto Market Thursday – InvestorsObserver

Ethereum Classic and VeChain Pick Up Steam While The Orbeon … – The Coin Republic

by cryptonews100_tggfrn
March 27, 2023
0

Ethereum Classic and VeChain Pick Up Steam While The Orbeon ...  The Coin Republic Source link

Solana (SOL) Falls 0.02%, Underperforms the Crypto Market Thursday – InvestorsObserver

VeChain (VET) Down 0% Sunday: What's Next? – InvestorsObserver

by cryptonews100_tggfrn
March 27, 2023
0

VeChain (VET) Down 0% Sunday: What's Next?  InvestorsObserver Source link

Solana (SOL) Falls 0.02%, Underperforms the Crypto Market Thursday – InvestorsObserver

VeChain (VET) Price Prediction 2025-2030: VET investors stay cautious – AMBCrypto News

by cryptonews100_tggfrn
March 26, 2023
0

VeChain (VET) Price Prediction 2025-2030: VET investors stay cautious  AMBCrypto News Source link

Solana (SOL) Falls 0.02%, Underperforms the Crypto Market Thursday – InvestorsObserver

ARB May Experience Boring Price Movement According to Trader … – Investing.com

by cryptonews100_tggfrn
March 26, 2023
0

ARB May Experience Boring Price Movement According to Trader ...  Investing.com Source link

Solana (SOL) Falls 0.02%, Underperforms the Crypto Market Thursday – InvestorsObserver

Is the new partnering-up strategy the right way for Vechain price to avoid a 30% correction? – FXStreet

by cryptonews100_tggfrn
March 26, 2023
0

Is the new partnering-up strategy the right way for Vechain price to avoid a 30% correction?  FXStreet Source link

Load More

Crypto Fear & Greed Index

Latest Crypto Fear & Greed Index

Recent News

An overview of fake product detection using blockchain technology

An overview of fake product detection using blockchain technology

March 27, 2023
Solana (SOL) Falls 0.02%, Underperforms the Crypto Market Thursday – InvestorsObserver

Vechain Dev Tool Update — Electi Consulting and Vechain Deploy … – Medium

March 27, 2023
Solana (SOL) Falls 0.02%, Underperforms the Crypto Market Thursday – InvestorsObserver

Bitcoin falls after CFTC sues crypto exchange Binance for allegedly breaking trading rules – CNBC

March 27, 2023

Categories

  • Alt Coins
  • Bitcoin
  • Blockchain
  • Cardano
  • Chainlink
  • Cryptocurrency
  • Dogecoin
  • Elon Musk
  • Ethereum
  • ICO
  • Litecoin
  • Market & Analysis
  • Pokadot
  • Polygon
  • Shiba Inu
  • Solana
  • The FED
  • Uncategorized
  • VeChain
  • XRP

Download the official CryptoNews100 Android App! Click the button below:

Tags

ADA (633) Big (591) Binance (379) Bitcoin (4302) blockchain (1055) BTC (715) Buy (512) Cardano (1465) ChainLink (497) coin (912) Cointelegraph (437) crypto (4122) Cryptocurrencies (503) Cryptocurrency (1824) Cryptos (404) DOGE (769) Dogecoin (1945) Elon (495) ETH (583) Ethereum (2374) eyes (466) Heres (405) Inu (1489) investors (420) Litecoin (717) market (1424) Musk (413) News (1504) NFT (477) Polkadot (645) POLYGON (794) prediction (526) price (2425) prices (409) Ripple (508) SHIB (567) Shiba (1523) Solana (1190) Terra (418) today (654) token (509) top (776) VeChain (736) VET (377) XRP (909)

© 2021 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Alt Coins
    • Cardano
    • Dogecoin
    • Litecoin
    • Pokadot
    • Polygon
    • Shiba Inu
    • Solana
    • XRP
    • VeChain
  • Market & Analysis
    • Blockchain
    • The FED
    • ICO
  • Profit with Crypto
    • Crypto Exchanges
    • Crypto Interest-Earning Accounts
    • Crypto Retirement Accounts

© 2021 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.