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Technical Indicator Points South, But Bull’s Grip in VET Remains

Published 12/30/2022, 03:45 PM
Technical Indicator Points South, But Bull’s Grip in VET Remains

  • Investor confidence in the VET market has led to a price increase of $0.01556.

  • Traders should beware, as technical indications suggest a potential trend reversal on the verge.

  • Despite warnings from market indicators, bulls maintain their supremacy.

Since the beginning of the day, buyers of VeChain (VET) have been in control, erasing the effects of the negative trend that had driven prices down to support at 0.01543. Despite being met with resistance at the day’s intraday high of $0.01583, the bulls were able to push the value of VET up to $0.01556 (a 0.04% increase), at the time of writing.

The positive control boosted the capitalization by 0.07% to $1,128,361,563, while the 24-hour trading view fell short by 2.86% to $26,664,259. This decrease in volume may indicate that it is the time to sell and profit in VET.

The post Technical Indicator Points South, But Bull’s Grip in VET Remains appeared first on Coin Edition.

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