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Cryptopolitan
2021-09-25 04:53:00

VeChain price analysis: Bulls targets $1.15 next

TL;DR Breakdown VeChain price analysis is bullish for today.VET/USD still holds above $0.11 support.VET is likely to move higher today. The VET/USD pair is in an uptrend due to the recent surge in price. The $0.11 support level remains a barrier for today’s price development, and the current market momentum is still positive. As a result, we anticipate that VET/USD will reverse higher once again and target the nearest resistance at $0.123. The VET/USD pair has been in a bullish trend since the beginning of April. The most recent short-term top was formed at $0.149 on May 24, at which time price began entering into another uptrend, reaching today’s high at $0.13897. Since then, VeChain has gradually dropped down to the $0.11 level, where it is now consolidating in a flat. VeChain price movement in the last 24 hours: VeChain retests $0.11 support again VET/USD started the day at $0.1132 to resistance at $0.1166. The pair then dropped slightly but recovered quickly to regain its bullish momentum. VET/USD reached the support level of $0.1113 and held it firmly. It went down again to this level, but within 24 hours, it had recovered back above the $0.11 level. VET/USD is currently trading around the resistance at $0.1183, with further support at $0.1080 and $0.1050 on the downside. The next significant resistance will be found at $0.15, where the $0.2 high formed on April 19 will act as an obstacle. The VET/USD price m...

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