Vechain Price Prediction: Long-term (VET) Value Forecast – July 27

  • The Coin was depreciated by 34.55% of its capitalization in July 2019.
  • On the upside, if the price breaks the EMAs, the crypto's price will rise and retest the $0.009000 overhead resistance.

VET/USD Long-term Trend: Bearish

  • Resistance levels: $0.0080, $0.0085, $0.0090
  • Support levels: $0.0070, $0.0060, $0.0050

The VET/USD pair was in a bearish trend in July 2019. In the previous month, the VET market was in a sideways trend. On June 29, the pair reached a high of $0.009499 and was resisted. On July 1, the Coin has an opening balance of $ 0.008562 and a closing balance of $0.005603 as at July 27, 2019.

The Coin was depreciated by 34.55% of its capitalization in July 2019. On June 30, the bulls were resisted at the $ 0.009499 price level. The bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. On July 16, the downward trend was corrected at the support of the $0.005000 price level. On July 17, the bulls made an upward move to break above the EMAs but were resisted.

The VET market is trading below the EMAs. On the upside, if the price breaks the EMAs, the crypto's price will rise and retest the $0.009000 overhead resistance. The stochastic is in the oversold region but above the 40% range which indicates that the price of Vechain is in a bullish momentum and a buy signal.

Live VeChain (VET) Price:

1 VET/USD =$0.0188 change ~ 11.43%

Coin Market Cap

$1.04 Billion

24 Hour Volume

$88.55 Million

24 Hour VWAP

$0

24 Hour Change

$0.0021

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Azeez Mustapha
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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