- Vechain price in a strong uptrend, as it outperformed respect to the market reached at the benchmark of $0.1478 recorded as new All-time high
- The coin is trading above all major moving averages of 20,50,100 and 200-Day with a good volume action
- The pair of VET/BTC is trading at 0.000002227 BTC with an intraday gain loss of -3.38%
Vechain price is trading on a bullish note over the monthly chart, the coin is in a strong uptrend as buildup and higher highs and lower lows patterns. The volume over the monthly chart is above average, which indicates the active participation of buyer and seller. Currently, VET is successfully placed above all the major moving averages of 20,50,100 and 200-Day. Support on the daily chart is situated at $0.100 and $0.8050, likewise, resistance on the higher slide is placed at $0.1480 and $0.1600.
Vechain price showcasing weakness over the 4-hour time frame, after reaching the new 52-week high a sell-off is observed from a higher level. The coin is trading on a bearish note over the short term time frame, also the indicators are in favour of bears. Currently, VET is trading at the price level of $0.1300 with an intraday loss of -5.20%, likewise, the volume over the daily chart dropped nearly -32.19% standing at $1,328,780,880. The total market capitalization slipped nearly -5.35% standing at $8,386,734,764.
The relative Strength Index (BEARISH) indicates bearish momentum while trading at 50.62. However, it is heading towards the oversold zone after testing the over brought zone.
Moving Average Convergence Divergence (BEARISH) currently indicates a bearish trend on the daily chart, as it is trading with the significance of the seller’s line (red) over the buyer’s signal line (green) with no sign of recovery.