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 =$0.2249 change ~ 27.71%
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