Vechain is currently at 100 sats level and is +1.4% on the day against BTC. Trading volume is relatively low but most of it is real volume at measured by the Messari’s real 10 index: the reported volume was $23 million in the last 24 hours while real volume was $11 million.

This is comparatively good ratio since majority of other coins have a much larger volume overstatement.

Daily VETBTC

  • Resistance level is at 106 sats.
  • Support level is at 86 sats.
  • Breakout height is 110 sats at Fib618
  • Breakdown level is at at 80 sats, local bottom

If we take a look at the chart, we can see that VET made some nice gains in the last three days while forming a bullish candlestick pattern called three white soldiers. However, there is a slight loss of momentum on the shorter timeframes.

Daily timeframe looks largely positive but if we zoom in on the 1H timeframe, we can see a slight pullback and potential trend exhaustion:

VeChain Foundation is one of the best community housekeepers as they provide regular updates on their activities and future plans.

Here is a list of the latest developments and important dates

READ  Bitcoin [BTC] price will be bullish in the short term, says Tone Vays

LEAVE A REPLY

Please enter your comment!
Please enter your name here