• The coin fluctuates between the levels of $0.00600 and $0.00900.
• On June 25, the coin had a bullish break at the $0.00800 price level and the VET price reached a high of $0.009283.

VET/USD Long-term Trend: Ranging

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

The VET/USD pair had been trading in a sideways trend zone in the last two months. The 12-day EMA and the 26-day EMA were trading horizontally indicating the sideways trend. The VET/USD pair had continued to move in a sideways trend despite the two bullish moves to break the upper price range. The bears brought the price to its range bound zone.

The coin fluctuates between the levels of $0.00600 and $0.00900. On June 25, the coin had a bullish break at the $0.00800 price level and the VET price reached a high of $0.009283. However, the bulls were resisted and the price fell back into the range bound zone. On June 29, there was another bullish break as price reached a high of $0.009400.

The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. However, the formation of small body candlesticks describes the indecision of buyers and sellers at the current market price. 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.

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