The coin has lost every sense of volatility within a trapped resistance and support area, is not clear on which direction the market will break out from, but a break out from any of the price barrier level will hopefully bring in momentum for the crypto.
Supply levels: $0.0085, $0.0099, $0.0116
Demand levels: $0.0068, $0.0057, $0.0032
VETUSD Trends: Ranging
VETUSD has been ranging for weeks within the resistance price of $0.0068 and $0.0085. The market seems to be lifeless as it continues to lose strength, thus a break from any of the price barrier levels will increase market volatility, either for the bears or bulls.
From the daily chart indicates the price has been hovering within the 14 and 50 days Exponential Moving Averages, while the Signal lines and Histogram bars of the MACD Indicator are positioned for a bearish market trend, but with low market momentum.
VETBTC Market Analysis
VETBTC has gone back to re-test a major barrier level that it has tested earlier on. The price is sitting on this barrier area, and a break out of it will mean going in for a new record lower low, but rejection will push the price for the opposite market direction.
The 14 and 50 Exponential Moving Averages are positioned for the bearish call, and the MACD Indicator also is on the bearish side.
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