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.
VET/USD daily chart
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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.
