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VET/USD Long-term Trend: Ranging
Resistance levels: $0.014, $0.015, $0.016,
Support levels: $0.012, $0.011, $0.010
The VET/USD pair had been range bound in the month of September 2018. The cryptocurrency fell to the low of $0.011 and began a range bound movement. In the month of September, it had an opening balance of $0.017. But on September 12, the digital currency fell to the low of $0.011 and commenced a range bound movement. In the month of September, the VET price depreciated by 29.4% of its capital.
This first week of October the digital currency will be in a range bound movement. Presently, the VET price is consolidating at $0.013 price level.Nevertheless, the price of VeChain is neither below nor above the 12-day EMA and the 26-day EMA which indicates that a sideways trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 53 which indicates that the price is in the range bound zone.
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