Vechain Price Prediction: Long-term (VET) Value Forecast – April 20

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  • On April 5, the bulls reached a high of $0.007660 price level but were resisted at the $0.00800 price level.
  • On the upside, if the price is sustained above the EMAs, the crypto price will rise to retest the $0.00800 resistance level.

VET/USD Long-term Trend: Bullish

  • Resistance levels: $0.007500, $0.008000, $0.008500
  • Support levels: $0.007000, $0.006500, $0.006000

The price of Vechain is trading in the bullish trend zone. The crypto’s price is facing resistance at the $0.00800 price level. On April 5, the bulls reached a high of $0.007660 price level but were resisted at the $0.00800 price level. The crypto’s price fell to the support of the 12-day EMA or to the support of the $0.006500 price level. The crypto’s price has resumed its bullish trend at the support level and the bulls have broken above the EMAs.

On the upside, if the price is sustained above the EMAs, the crypto price will rise to retest the $0.00800 resistance level. On the downside, if the bulls failed to break the resistance level, the crypto’s price will fall. The stochastic is in the overbought region but above the 20% range which indicates that the price of Vechain is in a bullish momentum and a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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