VeChain (VET) Is Again Testing Major Support Level of $0.0025

Must Read

Ethereum Classic’s Pheonix Upgrade to Activate on MainNet this June

Ethereum Classic is working on another network upgrade, Phoenix (ECIP-1088). The phoenix, Ethereum Classic upgrade (ECIP-1088), which was successfully activated on...

Russian Police Detained Two Suspects of Embezzlement of Funds in Cryptocurrency

  The Russian Police imprisoned two suspects of stealing money from bank cards. This operation was preceded by the...

Bitcoin Pizza : A Remarkable Story of the Buying of 2 Pizzas that changed the History for Bitcoin

The first ever real world transaction of bitcoin is said to be 10 years old now, the story...
processed
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 is showing a lot of bearish signs below the level of $0.0028, and in near terms, it drops further below.
  • The VET/BTC pair is also performing negatively and suffering the loss of 3.52% bringing the levels to 0.00000045.
  • Cryptocurrency is unable to stand against the resistance level of $0.00325.

In current conditions, $0.00325 is being a crucial resistance level for the prices. Many times bulls tried to break this crucial level but failed along with the drop in the prices.

Advertisement


VET prices took heavy negative divergence and testing the support level of  $0.00250, support level of $0.00250 provided prices a strong bullish boom as per to recover their recent fall but again prices are at the bingeing. 

If prices broke their current support level $0.0025 there will complete dominance of bears in the VET prices.

Currently VET’ market capitalization is $145,406,264USD with volume traded of $72,284,514USD and  circulating supply of 55,454,734,800 VET.

VEchain
Source:tradingview

The VeChain price chart reflects that bearish momentum is back. There is continuous volatility in the prices which are still going on. Prices are unable to find a break out from this momentum.

The technical indicators and oscillators are not in VET’s favor as they are showing a heavy selling 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 an increase in the selling volume of the altcoin.

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

The 24hr CCI had a sharp negative divergence from the top of the normal region to the depth of the overselling and currently, it is trying to reach back to the normal region.

Resistance Level: $ 0.00325
Support Level: $  0.00250

Hot News

Ethereum Classic’s Pheonix Upgrade to Activate on MainNet this June

Ethereum Classic is working on another network upgrade, Phoenix (ECIP-1088). The phoenix, Ethereum Classic upgrade (ECIP-1088), which was successfully activated on the Mordor on March 9,...

Russian Police Detained Two Suspects of Embezzlement of Funds in Cryptocurrency

  The Russian Police imprisoned two suspects of stealing money from bank cards. This operation was preceded by the Ministry of Internal Affairs of...

Bitcoin Pizza : A Remarkable Story of the Buying of 2 Pizzas that changed the History for Bitcoin

The first ever real world transaction of bitcoin is said to be 10 years old now, the story of buying of 2 pizzas...

OneCoin’s leader Ignatov Sentence to be Adjourned For Three Months

OneCoin Scam that includes chunks of individuals linked to it has continued with its proceeding at the New York Southern District Court. The...

Vechain Listed on Korean Crypto Exchange Upbit Against Fiat Trading Pair

  The South Korea-based globally admired cryptocurrency exchange Upbit has recently announced that it has added VeChain against Fiat pair South Korean Won (VET/KRW)...

IFA’s AIre Project: A Revolutionary Ecosystem for Human Values

IFA enters the market tokenizing human values into digital assets through the decentralised AIre project. The token enabling the development of AIre is...

Partners

Russian Police Detained Two Suspects of Embezzlement of Funds in Cryptocurrency

  The Russian Police imprisoned two suspects of stealing money from bank cards. This operation was preceded by the Ministry of Internal Affairs of...

Bitcoin Pizza : A Remarkable Story of the Buying of 2 Pizzas that changed the History for Bitcoin

The first ever real world transaction of bitcoin is said to be 10 years old now, the story of buying of 2 pizzas...

OneCoin’s leader Ignatov Sentence to be Adjourned For Three Months

OneCoin Scam that includes chunks of individuals linked to it has continued with its proceeding at the New York Southern District Court. The...

Vechain Listed on Korean Crypto Exchange Upbit Against Fiat Trading Pair

  The South Korea-based globally admired cryptocurrency exchange Upbit has recently announced that it has added VeChain against Fiat pair South Korean Won (VET/KRW)...

RELATED NEWS

Ethereum Classic’s Pheonix Upgrade to Activate on MainNet this...

Ethereum Classic is working on another network upgrade, Phoenix (ECIP-1088). The phoenix, Ethereum Classic upgrade (ECIP-1088),...

Russian Police Detained Two Suspects of Embezzlement of Funds...

  The Russian Police imprisoned two suspects of stealing money from bank cards. This...

Bitcoin Pizza : A Remarkable Story of the Buying...

The first ever real world transaction of bitcoin is said to be 10...