• Today the VET price is trading at $0.00716170 as at the time of writing.
• The price of VET is currently trading in a tight range  between the levels of $0.00600 and $0.00800.

VET/USD Medium-term Trend: Ranging

Resistance Levels: $0.0080, $0.0090, $0.0100
Support levels: $0.0070, $0.0060, $0.0050

Yesterday, June 17, the VET/USD pair was in a sideways trend. There had been no significant price change. The 12-day EMA and the 26-day EMA are trending as a horizontal line.  The price of VET is currently trading in a tight range between the levels of $0.00600 and $0.00800.The price of VeChain has choppy price action. In a tight range, the support and resistance are not evenly apart. This makes trading impossible.

The price action is also characterized by small body candlestick. The small body candlesticks are many compared to a few longer ones on the chart. The small body candlesticks are thekm  Doji and spinning tops which describe the indecision between the buyers and the sellers . Today, the crypto’s price is below the EMAs. The price of VeChain is in the oversold region of the daily stochastic but above the 60% range. This indicates that price is in a bullish momentum and a buy signal.

VET/USD Short-term Trend: Ranging

On the 1-hour chart, the VET price was in a sideways trend. The 12-day EMA and the 26-day EMA are sloping 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 $0.00716170 as at the time of writing. The price of VeChain is in the overbought region of the daily stochastic but below 60% range. This indicates that price is in a bullish momentum and a buy signal.

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