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- VeChain price prediction suggests the recovery phase of VET as whales are pushing for a VET rally.
- VET crypto is trying to recover above 20, 50, 100 and 200-days Daily Moving Average.
- Vechain price might rally during 2023 suggests analysts as VET has gained 44.61% year to date.
VeChain price prediction hints towards the recovery rally of VET cryptocurrency with increased whale activity. VeChain price might reach $0.1 recovery level as soon as the accumulation rate increases and VET breaks out of the $0.030 distribution level. VET crypto price needs to surge with strong uptrend momentum and register its breakout from the primary resistance level of $0.244. So that VeChain price continues its recovery to reach $0.1 price.
Vechain price was at $0.02278 and has gained 4.33% of its market capitalization during the day’s trading session. However, trading volume has decreased by 22.97% during the intraday trading session. This demonstrates that sellers are trying for a pull back. Volume to market cap ratio was at 0.04395.
Vechain price prediction suggests the uptrend momentum of VET crypto price over the charts. Trading volume is still below average and needs to grow during the intraday trading session. Meanwhile, the VeChain price is still thriving to reach the 20, 50, 100 and 200-days Daily Moving Average.
Vechain price at first declined from the upper resistance level in the distribution phase at $0.0286 and declined more than 30% till $0.019. However, the accumulation rate of buyers led the VET crypto towards $0.0244 but couldn’t sustain and slipped yesterday. Nevertheless, Vechain price is still trying to surge with an upside trend.
VET Crypto Covering Milestones with Whales Support!
VeChain price prediction highlighted some interesting levels and also the higher rate of surge of VET cryptocurrency during 2023. Vechain price might reach $0.1 according to the analysts as whales are also providing the upthrust.
VeChain price has gained 3.39% in the last week while lost slightly around 0.40% in a month. Moreover, the quarterly report of VeChain price is positive with 26.04% of growth. VeChain price has recovered around 44.61% year to date confirming the facts of VET rally during 2023.
VeChain Price Prediction: Technical Indications!
Technical indicators suggest the upside trend of VET crypto price. Relative strength index showcases the uptrend momentum of VeChain price. RSI was at 45 and is about to break out from neutrality.
MACD exhibits the upward velocity of VeChain Price. The MACD line is approaching the signal line for a positive crossover. Investors in VeChain need to wait until VET crypto rally initialization as soon as VET breaks out of $0.025 primary resistance level.
Technical Levels
Resistance Level: $0.025 and $0.030
Support Level: $0.0195 and $0.0175
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 assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
