The post VET Gains Momentum, Is $0.04000 Possible? appeared on BitcoinEthereumNews.com.

VET price fled the vital hurdle of $0.03000 and broke out with dashing hues in recent sessions. For the past sessions, the VET price has shown a pullback from the 20-day EMA and is extending the gains price action, conveying that buyers are holding their strength and are setting their eyes on claiming the supply zone of $0.04000. Additionally, the short covering move was displayed on the charts; VET price showcased follow-on buying and is upholding gains in the bullish trajectory zone above $0.03000. VET price has surpassed the resistance zone of $0.03200 and is approaching the bullish territory mark, offering a breakout in the recent sessions. Furthermore, the price action displayed bullish momentum, and sellers looked trapped. Per the Fibonacci retracement levels, the VET price has escaped the 61.8% zone and is holding the gains beyond the mid bollinger band. The live price of VET crypto is $0.03678, with an intraday gain of 7.46 %, showing bullishness on the chart. Moreover, the trading volume increased by 4.39% to $148.88 Million. However, the pair of VET/BTC is at 0.000000872 BTC, and the market cap is $2.50 Billion. Analysts have maintained a bullish rating, suggesting the outperformance will continue in the following sessions. VET Price Displays A Rally on Daily Chart Source: VET Price Chart by TradingView On the daily charts, VET displayed a range breakout, mended from the lows of $0.01400, and surged over 150% in the recent sessions. However, investors are still putting in efforts and trying to extend the rally to reach $0.04000. Additionally, the buyers have shown their dominance and scratch the sellers grip, where they maintained their positions, resulting in higher highs formation. The relative strength index (RSI) curve stayed in the overbought zone and formed a positive divergence, suggesting that the outperformance will continue in…

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Filed under: News - @ December 26, 2023 11:08 pm