- VET coin chart shows a bullish crossover of the 20 and 100-day EMA
- The VET/BTC pair was trading at 0.000002833 BTC with a gain of 8.03%
- The 24hr trading volume for the VET coin is $1.43 Million
The VET coin rally is continuing to climb higher, knocking down new resistance levels each day. However, the price is currently at the $0.12 resistance level; and it appears to be struggling to cross above it as the chart showcased a shooting star candle pattern indicating intense buying pressure above this level. If the VET coin can make a decisive breakout, this will be an excellent opportunity for its traders.
The EMA’s show that the VET coin trades above all the important EMA’S 20, 50 100, 200 and 200, indicating a bullish trend. The chart also shows a bullish crossover between the 20 and 100 EMA, which could help attract more buyers to the coin market.
The RSI (BULLISH) current value is 80, indicating a bullish emotion in the price as the RSI line is about to enter the overbought zone.
VET Coin Shows A Steady Ascending Trendline
VET coin’s new rally looks very promising, as it has provided traders with several trading opportunities along the way. Anyhow, the price is showing signs that it may reverse from $0.132 resistance. If the price pulls back, it will trigger a short-term opportunity with the support trendline below.
MACD indicator (BULLISH), where both the MACD signal line and signal line move higher towards the neutral zone (0.00), indicating the bullish sentiment in Coin.
Conclusion: from the technical perspective, the VET coin shows a great bullish outlook in its price action and indicators. Thus, market participants looking for long opportunities in the Cryptomarket can consider the VET coin as the ascending trendline in the chart above could prove to be very helpful for traders, providing some with a great long entry opportunity until the trendline is intact.
Support: $0.103
Resistance: $0.12, $0.145