Vechain price created a bullish chart pattern that created higher highs and lower bottom patterns, followed by the rising channel pattern. VET is currently trading above all moving averages of 20,50,100 and 200-Day, which indicates its bullish momentum. However, the major thing is consolidated volume, as it is not supportive of the bullish momentum, and it is recorded below its average. . The higher side's resistance is placed at $0.071, and $0.080 can be considered a major psychological hurdle, while on the lower side, support is situated at $0.047 and $0.035.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.