Rajarshi Mitra
Independent Analyst
- 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
-637323583965548598.png)
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.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Bitcoin Price Forecast: BTC holds above $100K following Fed’s Michael Barr resignation
Bitcoin edges slightly down to around $101,300 on Tuesday after rallying almost 4% the previous day. The announcement of Michael S. Barr’s resignation as Fed Vice Chair for Supervision on Monday has pushed BTC above the $100K mark.
Injective Price Prediction: INJ 3.0 upgrade reduces the token supply
Injective price extends its gains for the seventh day in a row, trading above $26 on Tuesday after rallying more than 25% the previous week. The announcement of the INJ 3.0 upgrade on Sunday, which focuses on significantly decreasing the token supply, could further fuel the ongoing rally.
Solana Price Forecast: Open Interest reaches an all-time high of $6.48 billion
Solana price trades slightly down on Tuesday after rallying more than 12% in the previous week. On-chain data paints a bullish picture as SOL’s open interest reaches a new all-time high of $6.48 billion on Tuesday.
Ripple's XRP eyes rally to new all-time high after 40% spike in open interest
XRP open interest surged by 40% in the past 24 hours. Buying pressure across exchanges and investment products helped XRP to maintain a bullish outlook. XRP could be on the verge of a massive breakout after testing the resistance of a bullish pennant.
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy
Bitcoin price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.