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- Vechain price prediction showcases the return of VET price from the distribution phase over the daily time frame chart.
- VET crypto is trying to maintain itself above 20, 50, 100 and 200-days Daily Moving Average.
- The pair of VET/BTC was at 0.000001186 BTC with an intraday gain of 1.36%.
Vechain price prediction suggests the recovery phase of VET price and has returned from $0.032. VET price might recover itself if whales accumulate to save the token and surge out of the distribution phase. Meanwhile, Vechain price has recovered around 73.95% Year to Date. This signifies the speculated recovery of VET price by the end of 2023. Vechain price needs to attract more buyers to revert back towards the recovery phase and register its breakout.
Vechain price was at $0.0275 and has gained 1.96% of its market capitalization during the day’s trading session. However, trading volume has decreased by 15.11% during the intraday trading session. This demonstrates that sellers might pull VET price in the meantime. Volume to market cap ratio was at 0.02893.
Vechain price prediction showcases the sustainability issues of VET crypto price to sustain at the distribution phase over the daily time frame chart. Meanwhile, volume change is still below average and needs to grow during the intraday trading session. However, sellers are trying to raid the VET crypto to pull the Vechain price towards $0.025 support level. Meanwhile, VET crypto is trying to maintain itself above 20, 50, 100 and 200-days Daily Moving Average.
Vechain to Recover Max During 2023
Vechain price has gained around 1.52% in a week and 14.31% during last month. The recovery rate of Vechain has soared within the last quarter as VET price has surged around 46.06% in the last quarter. This demonstrates that Vechain price might rally maximum during 2023 with maximum recovery rate over the charts.
Vechain Price Prediction: Whales on the Move!
Vechain price prediction hints the maximum recovery of 2023 as analysts and reports also state the same for VET crypto price. Technical indicators suggest the upside trend of VET price. Relative Strength Index showcases the upward momentum of Vechain price. RSI was at 54 and is heading towards overbought territory. However, MACD exhibits the downward velocity of VET price. The MACD line is below the signal line after a negative crossover. This suggests that technical indicators are pretty divergent over the Vechain price prediction. Investors in Vechain cryptocurrency need to wait until VET crypto price adapts increasing momentum.
Summary
Vechain pierce prediction suggests the recovery phase of VET price and has returned from $0.032. VET price might recover itself if whales accumulate to save the token and surge out of the distribution phase. However, sellers are trying to raid the VET crypto to pull the Vechain price towards $0.025 support level. Technical indicators suggest the upside trend of VET price. Investors in Vechain cryptocurrency need to wait until VET crypto price adapts increasing momentum.
Technical Levels
Support Levels: $0.0260 and $0.025
Resistance Levels: $0.032 and $0.050
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
