Bitcoin Information

Vechain Price Prediction: Long-term (VET) Value Forecast – June 22

Azeez Mustapha
June 22, 2019

The VET coin fluctuates between the levels of $0.00600 and $0.00800.
The price of Vechain has a choppy price action as the support and resistance levels are not easily discernable.

VET/USD Long-term Trend: Ranging

Resistance levels: $0.0080, $0.0085, $0.0090
Support levels: $0.0070, $0.0065, $0.0060

The VET/USD pair had been trading in the sideways trend zone. The 12-day EMA and the 26-day EMA are trading horizontally indicating that the price of Vechain is in a sideways trend. The VET coin fluctuates between the levels of $0.00600 and $0.00800. Since April, the upper and lower price range had not been broken. The price of Vechain has a choppy price action as the support and resistance levels are not easily discernable. A bullish breakout will enable the crypto to appreciate in value.

That is a bullish breakout at the $0.00800 price level will propel the coin to rally above the $0.01000 price level. Similarly, a bearish breakout at the $0.00600 price level will depreciate the crypto to a low at $0.004500. The stochastic is in the oversold region but below the 20% range which indicates that the price of Vechain is in a bearish momentum and a sell signal.

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

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.