VeChain (VET) is showing strong bullish potential in both the weekly and daily time frames, which suggest an upcoming increase in value. The VET token price has advanced since the beginning of the year and has now reclaimed the 0.022 support area. The weekly RSI is also indicating a bull run and a move past the 50-level. To further affirm the uptrend, the daily chart is showing a break out from a descending resistance line, with the RSI also past above the 50-mark. These indicators together are predicting a movement above $0.034 as the VET price renews its all-time high. However, a weekly and daily close under the key 0.022 support area would invalidate this and point towards a drop to $0.015. This analysis gives valuable insight into VET's progress and can provide guidance to any investors on when to enter or exit the market over the coming weeks.
Liam Smith
- 2023-04-06
An In-Depth Look at Vechain (VET) Price Movement Potential
Vechain (VET) is displaying bull run potential in both the weekly and daily timeframes. Find out what this could mean for the VET token price and whether it has the potential to reach its all-time high.
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