TL;DR Breakdown The VeChain price analysis shows price movement has been bearish.Price is getting lower and is now at $0.09.Support at $0.09 might be breached soon. The VeChain price analysis is indicating a fall in price levels as the price has now moved down to meet $0.09. This has been the progress during the past four hours, as the bearish momentum has been continuously intensifying. The bears have been in the lead for the past few weeks, according to the analysis. There have been some lucky chances available for the bulls as well, but overall the bears have been succeeding in their endeavors. VET/USD 1-day price chart: Bears bound the price by overruling the opposite party The bearish momentum is going strong for the one-day price chart, as the price levels are lowering every hour. The bears have been maintaining their lead quite efficiently, as today the trend has been in their favor as well. The downtrend has resulted in the price value going down to $0.09, which is critically near the current support level. Moreover, the price has gone ever further than the Moving Average (MA) value which is fixed at $0.116. VET/USD 1-day price chart. Source: TradingView As the Bollinger bands are undergoing expansion, the volatility is increasing as well which is not promising news for the future. The upper value for the Bollinger bands is now $0.152 while their lower value is situated at $0.089 of level. As the downward trending l...
