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Cryptopolitan 2021-09-02 17:11:52

VeChain Price Analysis: VET breaks $0.144 previous swing high, retracement to follow?

TL;DR Breakdown VeChain price analysis is bearish for today.VET/USD continued to rally over the last 24 hours.Previous swing high at $0.144 broken VeChain price analysis indicates bearish momentum to follow later today as bulls are exhausted after setting a new higher high at $0.144. Therefore, VET/USD is expected to retrace and set another higher low before further upside is seen in his month. Cryptocurrency heat map. Source: Coin360 The overall market traded in the green, with Bitcoin leading the way to gain 2.31 percent over the last 24 hours. Ethereum has gained 0.86 percent, while Dogecoin (DOGE) is the best performer, with a gain of 6.25 percent. VeChain price movement in the last 24 hours: VeChain rallies above $0.144 previous high VET/USD traded in a range of $0.1345 – $0.1481, indicating strong volatility over the last 24 hours. Trading volume has increased by 1.62 percent and totals $1.193 billion, while the total market cap trades around $9.36 billion, ranking the coin in 20th place overall. VET/USD 4-hour chart: VET targets $0.15 next? On the 4-hour chart, we can see the VeChain price struggling to reach further highs, indicating an upcoming retracement. VET/USD 4-hour chart. Source: TradingView VeChain price action has struggled to move above the $0.144 previous swing high set on the 16th of August. After a sharp reversal to the $0.115 mark, VET/USD rallied and set a clear lower high around $0.138 on th...

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