Vechain Price Analysis: VET/USD bearish for the next 24 hours

VeChain price analysis Price flashes to as bulls struggle for lead again

TL;DR Breakdown

  • VeChain price analysis is bearish today.
  • The strongest resistance is present at $0.0875.
  • The trading price of VeChain is $0.0598.

The VeChain price analysis shows that the market is bearish today. The strongest resistance is present at $0.0875 while the support lies at $0.0598. The market may see some recovery in the near future as the MACD shows signs of a bullish crossover.

The VeChain price is currently trading at $0.0598 and is down by 3.59% in the last 24 hours. The market cap of the coin has also seen a decrease and is now at $3.72 billion. The 24-hour trading volume of the coin is recorded to be at $507 million.

The VeChain price analysis shows that the market is bearish today. The strongest resistance is present at $0.0875 while the support lies at $0.0598. The market may see some recovery in the near future as the MACD shows signs of a bullish crossover.

The VeChain price analysis for today shows that the market is bearish and the strongest resistance present is at $0.0875. The MACD indicator shows that there is a possibility of the market seeing some bullish momentum in the near future. The support level for the market lies at $0.0598.

VET/USD 4-hour price analysis: Latest developments

The VeChain price analysis shows that the market is bearish today. The strongest resistance is present at $0.0875 while the support lies at $0.0598. The market may see some recovery in the near future as the MACD shows signs of a bullish crossover.

On the 4 hour chart, we can see that the market has been bearish since the beginning of September. The market has seen a few rallies but the bears have been able to push the price down each time. The last rally was seen on September 24, which was followed by a bearish candlestick.

The MACD indicator shows that the market is in a bearish phase as the signal line is above the MACD line. The MACD histogram is also below the zero line, which is another bearish sign. The RSI indicator is currently at 41.54 and is slowly moving towards the oversold zone. This shows that the market has some room to fall further before buyers step in.

VeChain price analysis: VET gains value at $0.0598 1VET/USD 4-hour price chart source: TradingView

The Relative Strength Index (RSI), a popular indicator used to measure momentum and an undervalued cryptocurrency, has a score of 34, suggesting that it is undervalued. The score fell below the lower neutral region, indicating that the cryptocurrency’s value is increasing. Furthermore, the RSI looks to be heading up, reflecting growing buying interest and valuing it as a good investment.

VeChain price analysis for 1-day: Market moves downward

The VeChain price analysis reveals a highly volatile market that is closing up and becoming more volatile. This means that VET/USD prices will fluctuate in the same direction as volatility; lower volatility implies a decreased chance of the value moving to one side. The upper Bollinger’s band limit is set at $0.0875, which serves as immediate resistance. The lower Bollinger’s band limit is at $0.0598 and this will now act as immediate support.

The Relative Strength Index (RSI), another popular indicator used to measure momentum, has a score of 41.54 and is slowly moving towards the oversold zone, which is a bearish sign. Furthermore, the MACD shows that the market is in a bearish phase as the signal line is above the MACD line. The MACD histogram is also below the zero line, which is another bearish sign.

The 4-hour chart for VET/USD reveals that the market has been bearish since the beginning of September. The market has

The VET/USD price crosses under the Moving Average curve, indicating a bearish trend. Furthermore, we can observe the price path following a downward movement, which may mean bearish momentum can be resurrected. Moreover, the price is gaining negative momentum and moving towards devaluation.

VeChain price analysis: VET gains value at $0.0598 2

VET/USD 1-day price chart source: TradingView

The VeChain price analysis reveals that the Relative Strength Index (RSI) is 45, which means that the cryptocurrency shows sable signs. VeChain falls in the lower neutral region. The RSI follows a slight upwards movement that reflects a slightly increasing market. The buying activity is starting to exceed the selling activity causing the RSI score to experience an increment.

Vechain Price Analysis Conclusion

The VeChain price analysis demonstrates that the cryptocurrency is in a bearish trend with a lot of room for bullish developments. On April 12, 2022, the price hit $0.0598, which it is currently declining towards the $0.0600 mark.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

William Suberg

William Suberg

William Suberg is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. William is a lover of sports.

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