VeChain – Altcoin chart analysis

VeChain has stabilized somewhat after the downtrend of the past few days. At the moment we are trading at around USD 0.05 and thus below our important key level/support zone. We should get this back as soon as possible.

The 4H-EMA ribbons are also still to be seen as resistance and have not yet been breached to the top. To get into an uptrend, this is extremely important. Above this is the monthly resistance S1.

If we break out in the next few hours, the first price target would be around $0.065. There is a 4H resistance zone and a strong former support zone. Here it will then be decided how things will continue for VeChain in the near future.

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