- VET price forecast downtrend from $0.09832 to $0.07762 on Thursday’s trading session
- The 24-hour volume in VET is at $1,411,592,507 with a 15.64% increase
- The VET/BTC pair was trading at 0.000001529 BTC with a loss of 2.47%
The 4-hour technical chart of VET price action forecasts a downtrend. According to pivot points, VET’s critical support level is placed at $0.07143. Whereas if it moves up, the key resistance level to watch is $0.09832. While diving into the weekly chart of a 4-hour time-frame, it completes a shooting star candlestick pattern.
SMA-20, 50 & 100 acts as another strong support in the coin. SMA-20 (purple) is coming close to SMA-50 (white), which projects a bearish trend, may happen soon. The price is also going to break SMA-100 (yellow). Investors may perceive a negative crossover in the SMA in future, and the price will also follow the negative trend.
RSI indicator (BEARISH), with a value of 36.70, indicates a sell signal in the coin. Moreover, Investors can see a negative slope in the index from 62 to 36, and it may plunge in future trading sessions.
VET Price Action May Give Crossover In SMA
VET price traded at $0.07762 with a loss of 13.66% in the last 24-hour and 2.74% down in the weekly time-frame. Furthermore, VET plunges from the resistance of $0.09832. In contrast, the market capitalization stands at $4.99 billion. Technically, investors can perceive a negative crossover in SMA in the future trading session. Moreover, the price movement can be towards the support of $0.07143.
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