The coin could not establish the bullish trend it was heading to, it is rather going down the next major resistance level, and breaking this level will lead the price to a lower low level.
Supply levels: $0.0104, $0.0110, $0.0120
Demand levels: $0.0086, $0.0079, $0.0056
VETBTC Trends: Ranging
The market is unabated on a ranging zone; the price has rejected the price resistance level of $0.0079 and is likely going down to the levels of $0.0056. A break of this level will likely take the price to a lower low level.
The price is hovering between the 14 Exponential Moving Average, and also below the 50 Exponential Moving Average. While the MACD signal lines and Histogram bars have not yet crossed for a bearish trend.
VETUSD Market Analysis
VETUSD trend is in a ranging mode, the price has not been able to move out of this channel, the price might break either from the up channel or the down channel.
From the 4-hour chart, the 14 and 50 Exponential Moving Averages are crossed for a bearish indication, while the MACD signal lines and Histogram bars are showing a bearish indication also.
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