VeChain Price Analysis: VET/USD strings together five straight bullish days, aims for $0.02-level
|- VET/USD rose by 18.75% over the last five days.
- RSI is trending horizontally around 66.67, next to the overbought zone.
VET/USD daily chart
VET/USD is in the process of stringing together five straight bullish days, wherein it went up from $0.016 to $0.0198. In the process, the price has gone up by 18.75%. The buyers will want to target the $0.02 price level next as VET/USD keeps trending in an upwards channel formation.
The MACD shows increasing bullish market momentum. The Relative Strength Index (RSI) is currently trending horizontally around 66.67, showing that there is more growth potential for VET/USD before it gets overpriced and attracts bearish correction. As per the price chart, healthy support levels lie at $0.0187, $0.0175 (SMA 20), $0.0172.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.