- The VET coin price is in a downtrend, around -4.3%, during the intraday trading session.
- The 24-hour trading volume is at $293 million.
- VET/BTC pair is trading negative by -1.0% at 0.00000206 BTC.
Daily technical chart and price trend of VET coin are showing a bearish trend. Based on the pivot level, the first support zone is 0.055 USDT. From another perspective, if it rushes, the resistance level to watch is 0.12 USDT. Thus, the graph made doji star candle pattern during the day, and the cost is relied upon to remain sideways with unwavering medium force.
The Moving Average Exponential (EMA) Ribbon, comprising of different Ema’s, goes about as solid support in the coin price move. Investors might notice the cost drops below the red ribbon, so it will guarantee a downswing in VET until it’s below the ribbon.
Trading volume (372.235 M) is underneath the 20-day moving average (895.217 M). To put it plainly, the volume is moderate, making the cost struggle at the support levels. Investors can likewise check that the volume bars on the graph are slanting, which demonstrates that exceptional instability is normal in the following trading days.
The Stochastic RSI (bearish) with a value of K-28 D-32 presents a sell signal in the coin. Investors may observe a declining slant and a negative crossover in the index. It may remain in negative territory for future trading sessions.
VET Coin Price Action Drops 29% Within a Month
VeChain is priced at $0.086820 today and has a 24-hour trading volume of $293,625,839. VET prices have fallen -4.3% in the last 24 hours. The distribution volume is 67 billion VET coins, and the total supply is 86.7 billion coins. The Stochastic RSI points to a selling indication, and the traders have prompted moderate volume. In fact, the cost struggles at the support level. In like manner, with the general market perspective, the pattern stays bearish for coming trading days.
Resistance Level: $0.12
Support Level: $0.055