VeChain price analysis: VET bullish after rebounding off $0.072

VeChain price analysis: VET bullish after rebounding off $0.072
фото показано с : coinjournal.net

2021-3-18 14:53

Vechain (VET) has bounced higher after a recent retracement took it to lows of $0.072

VeChain (VET) is likely to record a new all-time high if its price holds above current levels to allow bulls to test barriers near $0.083. At the time of writing, VET’s price against the US dollar is up by 12% in the past 24 hours.

The cryptocurrency is also trading higher against both Bitcoin and Ethereum. According to CoinMarketCap, VET/BTC is up 6.5% while VET/ETH has surged by more than 9% over the same period.

There’s the possibility that investors might want to book profits near the $0.083 price level. However, if the upside momentum holds short term, VET/USD could keep the uptrend and see prices reach $0.09. There’s even a possibility bulls could target a break to $0.105.

VeChain price outlook

On 15 March, VET/USD soared more than 20% to reach the all-time high of $0.083. Buyers can target prices near $0.09 if they establish support near or above this critical barrier.

However, the slight sell-off witnessed on Tuesday and Wednesday largely due to profit booking appears not to have dissipated. It thus poses an immediate risk to bulls’ short-term plans above $0.08.

VET/USD 4-hour chart. Source: TradingView

The technical picture for VET/USD on the 4-hour chart suggests that bulls could test fresh highs if the price remains above $0.78. This price level marks the middle line of an ascending parallel channel formed on the 4-hour chart. 

If bulls regroup and push higher, a retest of the upper limit will allow for fresh buying towards the $0.09 and $0.10 targets.

On the downside, VET/USD could decline to the lower limit of the channel at $0.073. The technical perspective suggests bulls will still have the upper hand if the price bounces off this level. The MACD and RSI support this view.

However, dipping below the trend line could allow bears to target the critical support zone provided by the 100 SMA at $0.061.

VET/USD daily chart. Source: TradingView

On the daily chart, VET/USD could break higher if bulls hold above the 0.786 Fibonacci retracement level of the move from $0.035 low to $0.083 high. If the price turns up from highs of $0.09, buying pressure might push it to the 1.272 Fib level at $0.105

The bullish view will remain intact as long as VET/USD holds above $0.069 (0.618 Fib level).

Contrary to this, a dip to $0.063 will call for another leg down. The bears might fancy a move to $0.048 and even $0.035.

The post VeChain price analysis: VET bullish after rebounding off $0.072 appeared first on Coin Journal.

origin »

VET (VET) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 VET

vet vechain rebounding off 072 price analysis

Источник: coinjournal.net

vet vechain → Результатов: 126


Фото:

Is March a good month for buying VeChain (VET)

VeChain (VET) tripled its price in 2021 as it inches closer to the $0.1 milestone. What’s next for VeChain in March, and should you consider buying some VET now? Fundamental analysis: strong use cases push the price of VET up VeChain (VET) is a blockchain-based platform that uses IoT and distributed governance to solve problems […] The post Is March a good month for buying VeChain (VET) appeared first on Invezz.

2021-3-14 21:42


VeChain (VET) Treads Water Awaiting Next Big Move

VeChain (VET) has been one of the best performing cryptocurrencies since hitting an all-time low in March. The VET/USD pair increased by 1,500% in the three months that followed. However, failure to reach a close above an important long-term resistance level has lead to the possibility that the upward move has ended and the price […] The post VeChain (VET) Treads Water Awaiting Next Big Move appeared first on BeInCrypto.

2020-8-4 14:30


Reversible ICOs Proposed at Ethereum’s (ETH) Developer Conference in Prague

The ICO boom of 2017 and 2018 brought with it a mixed bags of fortunes for investors who crowdfunded blockchain projects on the Ethereum (ETH) blockchain. In terms of successful projects, we have seen the likes of Tron (TRX), Binance, VeChain Thor (VET), EOS – just to name a few – continue to live up […] The post Reversible ICOs Proposed at Ethereum’s (ETH) Developer Conference in Prague appeared first on Ethereum World News.

2018-11-1 20:21


Фото:

VeChain Price Prepares for Lift-off as HitBTC Trading Goes Live

A lot of the top cryptocurrencies are on the brink of noting strong gains. VeChain is one of the first movers in the top 20 to show some signs of life. The VET price has noted a strong 2% increase over the past 24 hours, and it seems there may be further gains on the […] The post VeChain Price Prepares for Lift-off as HitBTC Trading Goes Live appeared first on NullTX.

2018-10-3 00:40


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

VeChain (VET) Set To Explode: Analyst Predicts 7,500% Rally To $2.3

Popular crypto analyst EGRAG just predicted a massive 7,500% rally that will send VET soaring to $2. 3. VeChain (VET) is currently trading at $0. 02945, but according to this analyst, the crypto is set for a price growth that would send it on a price growth into three sequential price targets.

VeChain price: VET outlook after Coinbase listing news

VeChain’s VET looks poised as profit taking threatens bulls. VET price rose sharply after Coinbase announced it would list VET and VeThor (VTHO). VeChain news yesterday was all about the coin’s listing on Coinbase and its potential impact on the price of VeChain’s naive token VET.

Here Are The Top 3 Chinese Coins To Buy As China Leads The Bull Run

As June 1 draws closer and the Hong Kong and Chinese investors look forward to legally trading cryptocurrencies once more, the market has already turned bullish. So far, Chinese coins have led the pack when it comes to gains, so here are three of the most popular Chinese tokens likely to rally if the bullish trend continues.

Vechain price rising after the launch Of VORJ

VORJ is Vechain’s ‘Web3-as-a-Service’ Platform. Vechain aims to build solutions that solve obstacles impeding the mass adoption of blockchain technology. At press time, the VET token was trading at $0.