The crypto has lost liquidity within a strong support and resistance zone, and this has kept traders on the fence. Volatility can only set in if the price breaks out from any of the barrier areas.
Supply levels: $0.0085, $0.0099, $0.0116
Demand levels: $0.0068, $0.0057, $0.0032
VETUSD Trends: Ranging
VETUSD trend has been ranging continuously within the resistance and support area of $0.0085 and $0.0068, and a break out from this zone will institute the market trend or direction, either a bullish or bearish market trend.
From the daily chart the price is ranging between the two Exponential Moving Averages of 14 and 50 days, also the MACD Indicator signal lines and Histogram bars are showing a ranging market condition.
VETBTC Market Analysis
VETBTC is ranging within a support and resistance area, the price is going down to the next price resistance level, thus the price might break out of this level for a record lower low level, or might be reversing within this level.
The 4-hour chart is indicating that the price is below the 14 and 50 Exponential Moving Averages, there holding to a bearish market condition.
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