- Vechain token is currently trading near its major moving averages of the 200-day line, after a sharp decline from the higher levels.
- The crypto asset over the monthly chart is trading below the vital moving averages of 20, 50 and 100-DMA while trying to hold the 200-DMA line.
- The pair of VET/BTC is trading at 0.0000021 BTC with an intraday gain of +0.17%, and the ratio of VET/ETH is dealing at 0.00002552 ETH with a 24-hour change -3.49%.
Vechain token at the monthly chart is trading on a bearish note and continuously facing selling pressure from the higher levels. VET over the chart is now trading near its vital moving average of the 200-day line and trying to hold it. Moreover, the volume needs to improve in upcoming sessions as it falls below the average volume line. The coin falls below all vital moving averages of 20, 50, and 100-DMA lines while facing slight buying interest near the 200-DMA line.
Support on the lower side is at $0.1045 and $0.09800, whereas resistance on the higher side is $0.1350 and $0.1420.
Vechain token is trading near the lower levels, after a sharp decline from the higher side
Vechain token over the weekly chart is trading near the lower levels, after a sharp decline from the higher levels. The coin continuously trades on a bearish note and now trying to recover from lower levels heading higher. Volume over the chart is average, which needs to improve sharply in upcoming trading sessions. Technical parameters are still positive and flat near-neutral zone. The coin is trading at $0.1200 with an intraday loss of -1.57%, and the volume to market cap ratio is at 0.06244.
Relative Strength Index (NEUTRAL): Vechain token price RSI presently indicates a slightly bullish trend over the weekly chart. In contrast, the RSI is CMP near the average zone at 52.25.
Moving Average Convergence Divergence (NEUTRAL): Currently indicates a neutral or mixed trend on the daily chart. This is because the seller’s line (red) and the buyer’s signal line (green) overlap.
Support levels: $0.1045 and $0.09800
Resistance levels: $0.1350 and $0.1420.