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VeChain

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:


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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

Matt Gomez

Matt Gomez is co-founder of DecentralPost. As a trained IT specialist for application development, he has been advising top companies on the following topics: online marketing, SEO and software for more than 10 years. The topic of crypto currencies is becoming increasingly important for companies and investors. Matt wants to give everyone easy access to the material through the DecentralPost.

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