VET Rises from Ashes, Will it Beat $0.0350?
The post VET Rises from Ashes, Will it Beat $0.0350? appeared on BitcoinEthereumNews.com.
VET price surged and persisted in attaining follow-on gains, staying in bullish trajectory. Moreover, the price action implies bullish momentum, and buyers have gained momentum, overtaking the crucial hurdle of $0.02500. Furthermore, a golden crossover was noted, which suggests the positive sensations for VET crypto to resume the uptrend for the following sessions. VET price is switching into the bullish territory and has surpassed the significant moving averages, furnishing the bullish momentum on the charts. Moreover, the price action denotes the higher high formation, and bulls look aggressive, whereas sellers are noted to be trapped. The live price of VET crypto is $0.02967, with an intraday drop of 1.31%, showing neutrality on the charts. Moreover, the trading volume increased by 2.32% to $76.62 Million. However, the pair of VET/BTC is at 0.000000719 BTC, and the market cap is $2.02 Billion. Analysts have maintained a neutral rating and suggest volatility may continue in the following sessions. VET on Daily Chart Displays Follow-on Buying Source: VET Price Chart by TradingView On the daily chart, VET price persisted in unfurling the gains and displayed higher high formation for the past sessions. The price action suggests that buyers are trying to hold the round mark of $0.03000 to extend the buying action. However, a rejection candlestick was formed at the top, identifying the sellers’ strong grip there, and buyers failed to escape. Per the Fibonacci retracement levels, the VET coin price has sustained above the 50% Fib zone, displaying the neutral chart structure. The Relative strength index (RSI) curve stayed above the midline and exhibited a positive divergence, suggesting a favourable bullish outlook for the upcoming sessions. The MACD indicator shows a bullish crossover and green bars on the histogram Weekly Chart Shows Double Bottom Pattern Source: VET Price Chart by TradingView The VET…
Filed under: News - @ December 17, 2023 9:06 pm