- 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.
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.
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