VeChain Price Analysis: VET retests $0.115 support, will it hold?

TL;DR Breakdown VeChain price analysis is neutral for today.VET/USD has approached the $1.15 support again.VET saw heavy rejection for upside yesterday. VeChain price analysis is neutral for today as the market approached the $0.115 support again after a heavy selloff yesterday. Therefore, VET/USD is in a tough decision on where to go next, and further price action movement is required. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded in the red over the last 24 hours as bears pushed the market lower overnight. Market leaders, Bitcoin and Ethereum, have both declined around 1.7 percent, while VeChain has followed with a loss of 2.4 percent. VeChain price movement in the last 24 hours: VeChain retraces back to $0.115 after rejecting further upside VET/USD traded in a range of $0.1154 – $0.1277, indicating strong volatility over the last 24 hours. Trading volume has decreased by 16.9 percent and totals $1.1 billion, while the total market capitalization trades around $7.5 billion, resulting in a market rank of 22nd place. VET/USD 4-hour chart: looks to break below $0.115? On the 4-hour chart, we can see the VeChain price testing the $0.115 support again, leading to further downside today. VET/USD 4-hour chart. Source: TradingView VeChain price has traded with a powerful bullish momentum over the past month. After setting a slightly lower swing low around $0.056 on the 20th of July, the market ...