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VVS Finance Crypto: Can VVS Crypto Complete Bullish Pattern?

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VVS Finance Crypto: Can VVS Crypto Complete Bullish Pattern?
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VVS Finance had shown a strong advancement earlier on the chart. The VVS crypto surged from $0.000002000 to $0.000004500 in November 2023. Thereafter, the price fell and formed a downward parallel wedge, as the price dropped and found support at $0.000002750.

However, the VVS crypto has shown a sign of a comeback as the price recovered some points from a key level of around $0.0000002750 on the chart and shows that it has stopped marking lows.

Now, it seems like the VVS Finance crypto is ripe for a splendid surge, as it harnesses energy to pierce the resistance level and climb to new altitudes from the current support level.

The VVS asset is displaying bullishness and rising tendency as it sustains above major trend 20 and 50-Day EMAs, the price could show a splendid surge in the upcoming sessions.

VVS Finance Crypto: Can VVS Crypto Complete Bullish Pattern?
Source: VVS/USD: CRYPTO.1.D. by TradingView

The VVS crypto asset is demonstrating bullish potential as MACD is showing a bullish cross with increasing histogram width. Besides, the MACD is at -0.000000044, the signal line is at -0.000000086, and the histogram graph is heading for 0.000000041.

Furthermore, the RSI is increasing gradually, signifying that the VVS Finance crypto asset is gaining traction as it has taken a bounce from the 14-SMA smoothened line and this shows that its price can reach new highs. Meanwhile, the RSI curve is at 53 and 14- SMA is at 45.

Since the asset is showing bullish behavior and the sustenance on the crucial supports shows the opportunity to increase further. Overall, it rose last week by 11.22%, implying a strong effort by the buyers to take the price in the upward direction.

At the time of publishing, the VVS Finance crypto experienced a 0.03% surge in the last 24 hours, trading at $0.000003218 as the price formed a bullish pattern known as a falling wedge. A breakout is anticipated next, which could boost the price.

VVS Finance Crypto: Can VVS Crypto Complete Bullish Pattern?
Source: VVS/USD: CRYPTO.1.D. by TradingView

Therefore, if the demand for VVS Finance remains high, the asset price could bounce back from the current level. The next goal for the price is to reach $0.000005000.

However, if the crypto price fails to stay above the $0.000002750 level, it could decline further and could drag the price to the demand zone as well.

Summary

The price shows a possible formation of a bullish pattern known as a falling wedge and a breakout is anticipated next, which could boost the price upward.

Therefore, if the demand for VVS Finance remains high, the asset price could bounce back from the current level. The next goal for the price is to reach $0.000005000.

Technical Levels

Support Levels: $0.000002750

Resistance Levels: $0.000005000

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

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