VeChain Price Analysis: VET/USD charges towards $0.19

VET/USD bulls remained in control for the third straight day.
The MACD shows decreasing bearish momentum.

Rajarshi Mitra Independent Analyst

VET/USD daily chart

VET/USD bulls have stayed in control for the third straight day. It is currently priced at $0.1887. The buyers are currently aiming for the $0.19-level, while the price is hovering above the triangle formation. The MACD shows decreasing bullish momentum, while the RSI is trending horizontally around 66.67, next to the overbought level.

VET/USD has healthy support at $0.0164, $0.017 and $0.0172 (SMA 20). On the upside, there are two strong resistance levels at $0.019 and $0.0197.

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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