• Today, the price of Vechain has a bullish break at the $0.00800 price level. The price broke the upper price range to a high of $0.011000 but closed at a price of $0.009056 as at the time of writing.
• The price of VET is above the EMAs which indicates that price is likely to rise.

VET/USD Medium-term Trend: Ranging

• Resistance Levels: $0.0090, $0.0100 ¸ $0.0110
• Support levels: $0.0080, $0.0070, $0.0060

Yesterday, June 24, the VET/USD pair was in a sideways trend. Today, the price of Vechain has a bullish break at the $0.00800 price level. The price broke the upper price range to a high of $0.011000 but closed at a price of $0.009056 as at the time of writing. In retrospect, VET price had been in a tight range between the levels of $0.00600 and $0.00800.

The 12-day EMA and the 26-day EMA were trending as a horizontal line. The crypto’s price fluctuates below and above the EMAs. The VET price was characterized by small body candlesticks. The small body candlesticks are the Doji and spinning tops which describe the indecision between the buyers and the sellers. The price of VeChain is in the oversold region of the daily stochastic but above the 20% range. This indicates that price is in a bullish momentum and a buy signal.

VET/USD Short-term Trend: Bullish

On the 1-hour chart, the VET price was in a bullish trend. The 12-day EMA and the 26-day EMA are trending northward 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 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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