The coin is was able to break out of its stronghold, and the price is heading south-side to the next barrier level and looks likely to go down more.
Supply levels: $0.0085, $0.0099, $0.0116
Demand levels: $0.0068, $0.0057, $0.0032
VETUSD Trends: Bearish
VETUSD trend is bearish, and this trend was instituted after the pair was able to break out of a strong price barrier level of $0.0068 that has held the price for weeks. The crypto is heading down to the major price resistance level of $0.0032.
The daily chart is showing that the 14 and 50 Exponential Moving Averages are crossed for a bearish indication, and the MACD Indicator signal lines and Histogram bars are also indicating a bearish position.
VETBTC Market Analysis
VETBTC has been on a bearish market trend, the coin is below a major price resistance level, and the price might be going up for a reversal or correction as the need may be.
From the 4-hour chart, the price seems to be going above the 14 Exponential Moving Average, and will likely head for the 50 Exponential Moving Averages, while the MACD Indicator signal lines and Histogram bars are showing a ranging market trend.
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