TL;DR Breakdown VeChain price analysis is bearish for the next 24 hours VET/USD traded in a range of $0.1233 – $0.1322At the time of writing, Vechain is trading at $0.1310 Vechain Price Analysis: General price overview VeChain price analysis indicates bearish momentum to follow over the next 24 hours as the market started to retrace from the $0.131 high yesterday. Overnight, some support was found around the $0.12 mark, although the market likely will head high later in the day to retest yesterday’s high. Overall, the cryptocurrency market is trading in the red in the last 24 hours. Bitcoin and Ethereum have lost 3.00 and 4.00 percent respectively. Solana is the best performer with a 25 percent gain. While XRP is the worst performer after shedding 10 percent of its value in the last 24 hours. VeChain price movement in the last 24 hours: VET/USD retraces from $0.12 high low VET/USD traded in a range of $0.1233 – $0.1322, indicating mild volatility over the last 24 hours. Trading volume has decreased by 0.99 percent and totals $1.3 billion. Meanwhile, the total market capitalization trades around $8.34 billion, resulting in a market rank of 22nd place. The market cap also lost 3.0 percent in the last 24 hours. VET/USD 4-hour chart: VET builds support near $0.1200 On the 4-hour chart, we can see the VeChain price action starting to retrace from the $0.1240 high, which should gradually rise towards a retest...
