VeChain Price Prediction Today: Daily (VET) Value Forecast – July 16
- The VET coin fluctuates between the levels of $0.00600 and $0.00800.
- The bears brought the price to its range-bound zone.
VET/USD Medium-term Trend: Ranging
- Resistance Levels: $0.0090, $0.0100 ¸ $0.0110
- Support levels: $0.0080, $0.0070, $0.0060
Yesterday, July 15, the price of Vechain was in a sideways trend. The coin 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 moving averages (EMAs) 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.
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 price of Vechain is in the oversold region of the daily stochastic but below the 40% range. This indicates that price is in a bearish momentum and a sell signal.
VET/USD Short-term Trend: Bearish
On the 1-hour chart, the VET price was in a bearish trend. The 12-day EMA and the 26-day EMA are trending horizontally indicating that price is in a sideways trend. The price of VET is above the EMAs which indicates that price is likely to rise. Today the VET price is trading at $0.009056 as at the time of writing. The price of VeChain is in the oversold region of the daily stochastic but above 20% range. This indicates that price is in a bullish momentum and a buy signal.
Live VeChain (VET) Price:
1 VET/USD =$0.1052 change ~ -4.14%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.