VeChain (VET) Making Swift Progress With Bulls

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Ayush Malviyahttps://www.thecoinrepublic.com/
Ayush Malviya has recently joined as a technical market reporter for Thecoinrepublic- the Leading cryptocurrency news site. He believes that there is a broad scope in Crypto market and blockchain. Thats why he loves to gather knowledge about it and like to analyse the market pattern.
  • VeChain has acquired a bullish short-term and medium-term outlook.
  • Even though prices are rising, there is a slight fluctuation in them.
  • The VET/BTC pair is also performing negatively and suffering the loss of -2.59% bringing the levels to 0.00000045

The VET prices are having an upsurge but they are still felling the resistance as today even after making a gradual climb price stumbled upon the level of  $0.00290.

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As prices are about to face the resistance level of 0.00320.  This is the make or break point for the prices. If they want to achieve this level this is the time as many factors are currently in their favor and bulls are also looking in good condition.

After acquiring the support of  $0.230 prices were able to make a stand but now they should also develop a strong support level near $0.270.

Currently VET’s market capitalization is $165,842,241 USD with volume traded of $106,291,890 USD and  circulating supply of 55,454,734,800 VET.

The VeChain price chart reflects that the bullish momentum making a stronghold. At a slow and steady pace prices are climbing up.

Vechain
Source: Vechain 

The technical indicators and oscillators are in VET’s favor as they are showing a heavy buying volume of a cryptocurrency.

The MACD level is again booked by the bulls, which is a good sign for the VeChain holders. As there is a dominance in the buying volume of a cryptocurrency.

The 24hr-RSI is showing bullish momentum as it is above the crucial mark of 50.

The 24hr CCI is coming down to normal zone after hitting the heights of the over buying region.

Resistance Level: $0.00320
Support Level: $0.00230 and $0.00250

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