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VET/USD Long-term Trend: Bullish
- Resistance levels: $0.0080, $0.0090, $0.010
- Support levels: $0.0040, $0.0030, $0.0020
The VET/USD pair is now in a bullish trend as price broke the 12-day EMA and the 26-day EMA to the upside. In the same vein, the 12-day EMA and the 26-day EMA are trending northward indicating that the crypto's price is in the bullish trend zone. The crypto's price was at its low at a price of $0.003321 but has risen to the high of $0.00456 in a bullish trend. Nevertheless, the Stochastic indicator is in the range below 80%.
This indicates that Vechain is in a bullish momentum and a buy signal. Previously, the crypto was in the oversold region when the price was in a bearish trend. In addition, the crypto's price is below the 12-day EMA and the 26-day EMA which indicates that price was in a bearish trend. The MACD line and the signal line are below the zero line which indicates a sell signal.
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