The crypto has been trending within a support and resistance area, and the price is trying to go down to the major resistance area. A break out of this level will institute a new lower low target, while a rejection will mean a true trend reversal.
Supply levels: $0.0104, $0.0110, $0.0120
Demand levels: $0.0086, $0.0079, $0.0056
VETBTC Trends: Ranging
VETBTC trend is a ranging one for now because the market has been within the price range of $0.0079 and $0.0056, but the trend is heading towards the $0.0056 and testing the $0.0079 price level. And if the price can break the price level of $0.0056, then the price will head on for a new lower low, if not the price will be bound for a bullish position.
The daily chart shows that the price is below the Exponential Moving Averages of 14 and 50 days. While the MACD Indicator Histogram bars and signal lines are not showing any strong market momentum.
VETUSD Market Analysis
VETUSD market has been in a continuous ranging position, and the price is seen with a channel area until the price breaks out this zone, no definite market direction will prevail.
The price is below the 14 and 50 Exponential Moving Averages, and the MACD Indicator signal lines and Histogram bars are indicating a ranging market condition.
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