CandleFocus Here’s Why VeChain’s Recent Rebound Could Signal a Bullish Turn Above $0.0224
2024-10-04
Author: Content Editor
VeChain (VET) is experiencing minor fluctuations in price, but continues to attract investor interest with a market capitalization of $1.81 billion and trading volume of $21.61 million. The recent dip to $0.0216 has become a crucial support level, suggesting that investors see it as a buying opportunity. VeChain is currently testing minor resistance at $0.0224, with the next target at $0.0226. Market sentiment is bullish, as indicated by increased trading volume. VeChain has a solid foundation for price stability with 93.39% of the total supply in circulation. The asset is neither overbought nor oversold according to the 1-day RSI, but the 1-day MACD suggests potential short-term downward momentum.
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