Vechain (VET) Price Analysis and Prediction: Mini Bull Run Reached An Exhaustion Point?

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

• Reminders Regarding Token Swap, Lock Dates, and Rewards(https://medium.com/@vechainofficial/reminders-regarding-token-swap-lock-dates-and-rewards-ed9f5a3d4bff)
• One Year Anniversary and X Node Binding Lottery Event(https://medium.com/@vechainofficial/one-year-anniversary-and-x-node-binding-lottery-event-51be44dd0738)
• Announcing Cahrenheit, a Blockchain-Based Ecosystem for the Automotive Industry Powered by the VeChainThor Blockchain(https://medium.com/@vechainofficial/announcing-cahrenheit-a-blockchain-based-ecosystem-for-the-automotive-industry-powered-by-the-f9d8b643c842)
• VeChainThor Wallet and VET Token Swap AMA(https://medium.com/@vechainofficial/vechainthor-wallet-ama-5650dea84ccb)
• Introducing Totient as a Partner Pioneering New Heights For The VeChainThor Ecosystem(https://medium.com/@vechainofficial/introducing-totient-as-a-partner-pioneering-new-heights-for-the-vechainthor-ecosystem-7d76fd0a1d07)
• How VeChain is tackling GDPR compliance(https://medium.com/@vechainofficial/how-vechain-is-is-tackling-gdpr-compliance-5431e3d13e0c)
• A Revised Timeline for VeChainThor Wallet Migration and Token Swap(https://medium.com/@vechainofficial/a-revised-timeline-for-vechainthor-wallet-migration-and-token-swap-38de6aaa38aa)
• Introducing Safe Haven — Inheritance Solutions Powered By The VeChainThor Blockchain(https://medium.com/@vechainofficial/introducing-safe-haven-inheritance-solutions-powered-by-the-vechainthor-blockchain-40ef70cfa335)
• VeChain and DB Schenker pioneer in the use of blockchain for the logistics industry(https://medium.com/@vechainofficial/vechain-and-db-schenker-pioneer-in-the-use-of-blockchain-for-the-logistics-industry-55941c048070)