您现在的位置是:VeChain (VET) faces strong resistance in its road to recovery >>正文
VeChain (VET) faces strong resistance in its road to recovery
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛15人已围观
简介VeChain (VET)has dropped for the last 4 days in a row in what appears to be a bloodbath. But contrar...
VeChain (VET)has dropped for the last 4 days in a row in what appears to be a bloodbath. But contrary to what you’d believe, VeChain has actually been more resilient. Although it's fallen, it has not been as much as other crypto assets. So, what does the road to recovery look like?
VeChain (VET) will face major resistance at $0.06 as it looks for its next bull run.
The coin is currently trading at $0.045, down around 3% for the day.
Any bullish breakout will only come if VET clears $0.06.
Data Source: Tradingview
VeChain (VET) – Price prediction and analysis
The resilience that VET continues to show has been quite commendable. But despite this, the coin still remains on a bearish long-term trend. However, there are signs that the coin is trying to consolidate. The key will be to watch the $0.06 resistance.
While VET has tested that price in recent weeks, it has been rejected almost every time. As sentiment in the crypto market improves, VET bulls will target another stab at $0.06. If they are able to pull above it, then we could see a rally that takes the coin well towards $0.08.
This will be nearly 45% higher than the current price. But if VET is rejected again at $0.06, it could slide back down to $0.03 before it tries to consolidate once more.
Why buy VeChain (VET) now?
As noted above, the long-term trend for VET has been bearish. The coin has fallen substantively from its all-time highs and continues to struggle to find any demand.
But the underlying fundamentals of the VeChain network have always been stellar. Also, the long-term outlook for VET is very positive. The recent downtrend offers investors the chance to buy into the project at a smaller price than they would have under different circumstances.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/86846.html
相关文章
Crypto markets see a promising start to Q2
VeChain (VET) faces strong resistance in its road to recoveryEthereum has been consolidating around $3,500 for the last 24 hoursETH and ADA are gaining from immi...
阅读更多
Bitcoin could reach $75,000 this year
VeChain (VET) faces strong resistance in its road to recoveryThe ongoing Bitcoin (BTC) rally has seen it reach the $34,000 level this weekend, but the Binance US...
阅读更多
Ghanaian artist Kojo Marfo presents own NFT series
VeChain (VET) faces strong resistance in its road to recoveryAcclaimed Ghanaian artist Kojo Marfo is presenting his own NFT series, CoinText learned from a press...
阅读更多
热门文章
- Say goodbye to your cat scaring you with this AI cat
- Blockchain to combat whisky counterfeiting
- South Korea: $470B vision for world's largest chipmaking hub
- Is Bitcoin’s Rise Written in the Stars?
- Scientists unveil reactor that degrades methane 100 million times faster
- Weekend bull run propels Binance Coin to a new ATH