VeChain price analysis: VeChain rebounds from $0.12, prepares to retest $0.10? PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Analiza prețului VeChain: VeChain revine de la 0.12 dolari, se pregătește să retesteze 0.10 dolari?

TL; Defalcare DR

  • VET found resistance at $0.12 yesterday.
  • Următorul suport la 0.10 USD.
  • Next target to the downside at $0.09.

VeChain price analysis is bearish for today as the market retraced from the $0.12 resistance overnight and looks to test further downside over the weekend.

VeChain price analysis: VeChain rebounds from $0.12, prepares to retest $0.10? 1
Harta de căldură a criptomonedelor. Sursă: Coin360

The overall market trades in the red today with Bitcoin being the exception as it is up by 3 percent. Chainlink (LINK), Uniswap (UNI), and Solana (SOL) are among the worst performers with a loss of 6-7 percent.

Mișcarea prețului VeChain în ultimele 24 de ore

VET/USD traded in a range of $0.1091 – $0.1185, indicating a moderate amount of volatility. Trading volume has decreased by 12.67 percent and totals $879 billion. Meanwhile, the total market cap trades at $7.1 billion, ranking the cryptocurrency in 20th place overall. 

VET/USD 4-hour chart – VET moves lower again

On the 4-hour chart, we can see VET rebounding from the $0.12 resistance and pushing lower overnight as bears look to set another lower low.

Analiza prețului VeChain: VeChain revine de la 0.12 dolari, se pregătește să retesteze 0.10 dolari?
Diagrama VET / USD 4 ore. Sursă: TradingView

The overall market price structure is still bullish as several higher highs and lows were set over the past weeks after a substantial retracement from the previous all-time high at $0.27 in May.

Last local swing high was set at the $0.155 mark, indicating that bulls have regained momentum. What followed over the last week was a retracement to the $0.10 mark, where another higher low was established. 

Yesterday, we saw the Vechain price test the $0.12 resistance from which bears pushed lower overnight. Therefore, we expect further downside later today with the next support target at $0.09, which if broken, would eman that bears have taken control again.

Analiza prețurilor VeChain: Concluzie 

VeChain price analysis is bearish as bulls could not push above the $0.12 mark yesterday and the market started moving lower again. Therefore, we can expect VET/USD to push to the $0.09 mark 

While waiting for further VeChain price action development, read our latest guide on cumpărând Bitcoin, Operațiuni Bitcoin, și peer-to-peer Blockchains.

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Sursa: https://www.cryptopolitan.com/vechain-price-analysis-2021-06-11/

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