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- 1 VeChain price prediction showcases the upward momentum of VET crypto over the daily time frame chart.
- 2 VET crypto is trying to reach the 200-days DMA after gaining from 20, 50 and 100-days Daily Moving Average.
- 3 The pair of VET/BTC was at 0.0000006872 BTC with an intraday gain of 6.76%.
VeChain price prediction suggests a breakout in the chart and now VET needs to sustain the breakout at the current level. VET crypto needs to recover towards the primary resistance level of $0.2137268 to continue the surge. However, sellers may surface VET crypto chart intraday.
VeChain price was at $0.021021 and has gained 6.77% of its market capitalization during the day’s trading session. Trading volume has increased by 60.46% intraday, this demonstrates that buyers are involved in the trade to push VET crypto.
VeChain Price Prediction: VET Will be Overbought Soon!
VeChain price prediction highlights the recovery phase of the cryptocurrency over the daily time frame chart. VET crypto has registered its breakout from the prior resistance of $0.01974408 today and now is the time for VET to sustain at the current level. VeChain price must sustain to continue its surge over the charts.
Meanwhile, VET crypto is trying to reach the 200-days DMA after gaining from 20, 50 and 100-days Daily Moving Average. VeChain price has surged 10.97% in a week and 2.15% in a month. Moreover, the VeChain price has also gained around 30% in a month and 31.94% year to date. This shows that a recovery phase could be seen for VeChain price in 2023.
Technical indicators suggest the upside trend of VET crypto. Relative strength index showcases the VeChain price is about to be overbought. RSI was at 68 and is about to enter the overbought zone.
MACD exhibits strong upward velocity of VeChain price. The MACD line is above the signal line after a positive crossover. Investors in VeChain cryptocurrency need to wait for any directional change over the daily time frame chart.
Summary
VeChain price prediction suggests the breakout of the cryptocurrency and now VET needs to sustain the breakout at the current level. VET crypto registered its breakout from the prior resistance of $0.01974408 today and now is the time for VET to sustain at the current level. VeChain price has surged 10.97% in a week and 2.15% in a month. Technical indicators suggest the upside trend of VET crypto. Investors in VeChain cryptocurrency need to wait for any directional change over the daily time frame chart.
Technical Levels
Resistance Levels: $0.02137268 and $0.0244
Support Levels: $0.019744 and $0.0188
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 stock comes with a risk of financial loss.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
