The coin has been ranging for days within a channel area, thus a call for break out is imminent. If the price breaks out from any of the resistance areas, there will be an increasing market momentum.
Supply levels: $0.0085, $0.0099, $0.0116
Demand levels: $0.0068, $0.0057, $0.0032
VETUSD Trends: Ranging
VETUSD ranging indication has been on for weeks, the crypto has not mustered up the courage to go beyond the support and resistance area of $0.0085 and $0.0068, thus the price has continued to hover within this region, and a breakout from this region will bring in the needed market momentum.
The daily chart shows that the price has been operating in-between the 14 and 50 Exponential Moving Averages, while the MACD Indicator signal lines and Histogram bars are indicating a bearish trend.
VETBTC Market Analysis
VETBTC bearish outlook has concluded with a break out of the major price barrier level, thus the price went for a record lower low level, and a reversal can occur at any moment from there.
The 14 and 50 Exponential Moving Averages shows that the price is trying to reverse, while the MACD Indicator is showing weak market signal.
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