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Vechain Price Analysis: Will VET Crypto Price Test A New ATH In 2022?

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  • VET coin price is currently seeing a consolidation pattern with the fall in Bitcoin. The asset has seen a gain of more than 1.7%
  • Vechain technical indicators hint towards a downside pattern. In contrast, VET/BTC pair is up by more than 1.7%

VET crypto at present sees a negative pattern in the current situation and may test the lower support in the future. Vechain is at present floating near the worth of $0.08 and has noticed a fall of 1.3%. The resource is presently exchanging far beneath its 50 and 100 Daily Moving Average. It has seen a solid negative hybrid in the daily chart. The 100 DMA is right now close to the worth of $0.115 which can go about as an impermanent obstruction of the cost. The resource cost can see the further union in cost prior to going to another high. One can accept a solid development in the VET later on.

Vechain coin cost is at presently positioned 32nd in the CMC and has a market predominance of over 0.3%. The volume of the coin has also seen a fall of more than 30% in the intraday session. Volume to market cap proportion of the Vechain suggests a disadvantage pattern for the future. If the proportion sees a convention above 0.8 then a solid potential gain pattern should be visible.

Bulls And Bears Of VET Crypto Price Are On Halt

Source: Trading view

The week after week technical chart of the Vechain hints towards a consolidated pattern in the price for the future. On coming to the day-by-day chart, the resource has been in a downside trend. The potential gain expected addition of the VET can see aggression close to $0.1. The negative energy of the resource can see an antagonistic locale close $0.04. On the off chance that the coin value sees a convention for more than 15 to 20% over the current level then a solid potential gain pattern should be visible. VET/BTC pair can likewise observe a new high in the future.

Conclusion

Vechain coin price has been seeing a consolidated pattern and can soon see a new high VET/BTC pair might also observe a new high in the future.

Technical Levels

Major Support: $0.02

Major Resistance: $0.1

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