Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

Cryptopolitan 2021-08-31 17:27:04

VeChain Price Analysis: VET spikes to $0.125, slow reversal to follow?

TL;DR Breakdown VeChain price analysis is bearish for today.VET/USD rallied over the last 24 hours.VET rejects further upside at $0.125. VeChain price analysis indicates bearish price action momentum to follow over the next 24 hours as the market saw a rapid spike higher today after a several-day slow retracement. Therefore, we expect VET/USD to continue lower and look to retest the $0.115 mark next. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded with mixed results over the last 24 hours. Bitcoin decreased by 1.56 percent, while Ethereum gained 3.12 percent. Polkadot (DOT) is the best performer, with a gain of almost 19 percent. VeChain price movement in the last 24 hours: VeChain spikes to $0.125 VET/USD traded in a range of $0.1165 – $0.1272, indicating strong volatility over the last 24 hours. Trading volume has increased by 16.13 percent and totals $821.83 billion. Meanwhile, the total market capitalization trades around $8.07 billion, ranking the coin in 22nd place overall. VET/USD 4-hour chart: VET set to retrace overnight? On the 4-hour chart, we can see the VeChain price rejecting further upside as of now, which should lead towards further retracement overnight. VET/USD 4-hour chart. Source: TradingView VeChain price action traded with a strong bullish momentum over the past weeks.  After gaining 160 percent from the $0.056 support set on the 20th of July to the $0.144 resista...

freebitcoin
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.