The crypto has been operating behind bars for weeks now but has gained freedom after breaking this key area. The coin is now on a bearish acceleration and the price might dig down to the major resistance Target.
Supply levels: $0.0085, $0.0099, $0.0116
Demand levels: $0.0068, $0.0057, $0.0032
VETUSD Trends: Bearish
VETUSD has been held hostage within the price barrier area of $0.0085 and $0.0068, but today’s market price was able to break the price barrier at $0.0068, and this has brought in the needed market momentum, thus the price will accelerate down to the price barrier level of $0.0057 or $0.0032.
From the daily chart, the price is now below the 14 and 50 Exponential Moving Averages, and they have a twist for a bearish indication, while the MACD Indicator signal lines and Histogram bars are on the south-side direction.
VETBTC Market Analysis
VETBTC is on a bearish market indication, the price has gone down below the major resistance level, and it is heading for a lower low level.
The 4-hour chart is showing that the two Exponential Moving Averages are widely open for bearish support, while the MACD Indicator is showing a weak market trend.
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