TL;DR Breakdown VeChain price analysis is bullish for today.The whole cryptocurrency market is showing bearish signals as most coins trade in the red zone.VET is likely to move higher today. Vechain’s five-day price analysis chart suggests that the market is generally bullish as most candlesticks are red. However, the chart picked off with bullish momentum. The bulls were so strong that the bears tried to pull them downwards. The Moving Average indicators show a bullish potential as the short-term indicator crossed above the 200- day Moving Average. The moving average lines consolidated at one point, meaning that the buyers wanted to enter the market. The whole cryptocurrency market is showing bearish signals as most coins trade in the red zone. Cryptocurrency heat map. Source: Coin360 The overall cryptocurrency is bleeding. The largest digital currency, BTC, is trading at $46K, a 3 percent price drop. Before the recent price dip occurred, Bitcoin was trading in a bullish trend, and it had surpassed its target of $50K. Bitcoin’s closest competitor ETH trades at $3.2K recording a drop of 5 percent. VET/USD is trading in a promising trend, recording a 1.76 percent price surge. VeChain price movement in the last 24 hours: VeChain retests $0.11 support again VeChain coin price analysis has been bearish in the last 24 hours. However, bulls are attempting to break the negative trend and set the coin in upward momentum. The bu...
