Vechain Price Analysis: Bulls Are On A Non Stop Marathon in VET Price Action

• Vechain price is currently in a bullish mode with an intraday gain of 3.97%. Meanwhile the VET/BTC pair is seeing a gain of 3.31%
• Technical Indicators of Vechain suggest a bullish momentum. In contrast the Vechain is seeing a rise in adoption of supply chain

Vechain has made an all time high on Mar,19 2021 and is currently on a bullish trend.The daily chart of the VET highlights that the price can see a rise upto the level of $0.10 in the upcoming days.VET can also see a reversal and can fall down upto the level of $0.06

SMA-50 & 100 acts as another strong support in the coin. SMA-50 (Red) is trading at the level of $0.05. It is also moving above the SMA-100 (Green), which projects a positive trend. Investors can observe the continuation of a positive trend.

The volume of VET is at  $842,881,749 with a gain of 11.45%. and market capitalization at $7,345,958,559, with a gain of 3.55%

Technical Indicators Suggest A Positive Momentum In Vechain Price

Vechain price is at $0.0874 with a bullish move on the weekly chart. VET daily chart highlights that the price may see a consolidated move before jumping to the higher levels.According to fibonacci levels, VET critical support level is placed at 0.786 fib. Whereas if it moves up, the key resistance level to watch is 1 fib. While diving into the weekly chart of a 4-hour time-frame, it has formed a bullish engulfing candlestick pattern, which represents a potential continuation in an uptrend.The coin can also see the mark of $0.10 in upcoming trading sessions.

RSI indicator (BULLISH), with a value of 64.24 indicates a buy signal in the coin, investors can observe an increase in value in upcoming trading sessions. Investors can hold the asset for the big profits

CONCLUSION

Vechain is currently trading  at $0.0848  with a gain of 3.36% in the last 24-hour time-frame. On the weekly time-frame, VET is maintaining a gain of  6.56%. There can be a 80% gain on the upside if traded carefully.

Technical Level

Resistance: $0.10

Support: $0.065

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Adarsh ​​Singh

Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.