VeChain (VET) is still not showing itself from its best side. Here we have had very little trading volume for the past few weeks and are trading in a narrow range after the fakeout to $0.034.
We are currently at around 0.0230. The daily EMA ribbons represent strong resistance. We were able to break the short-term downtrend, but sideways and without increasing volume.
Below us there is still a support zone up to around USD 0.021, which has already been tested several times. As long as it lasts, we don't have to worry.
For a breakout to the top, however, significantly more volume must come and a sustainable uptrend must be formed. The first resistances are around USD 0.026 and USD 0.027.
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