VeChain Risks Lower Lows As Immediate Support Is Lost Against BTC, But The Rest Of The Year Is Bullish For The Price Of The VET Coin

As you probably already know, VeChain is one of the most promising projects in recent time. Ever since the VeChain token swap and VeChain mainnet launch, it’s been one good news after another for the VET coin. Due to the development and VeChain partnerships, the VeChain Thor price prediction is bullish mid and long-term. However, the VeChain to Bitcoin price prediction is bearish short-term as it has just lost a major support against the USD. This support at 107 satoshis was established in December. However, it was lost this morning and it has weakened the VeChain VET to BTC trading pair. What does the future hold for VeChain? Will the VeChain Thor price prediction improve this year or will it continue to fall against the USD and BTC?

VeChain Thor Price Prediction – VeChain News – VET Price – VET/USD – VeChain To BTC Price Analysis

Now that VET has dropped below the 107 satoshis line, it is difficult to determine where the price of VET will settle against the USD. However, given the positive fundamentals surrounding the VeChain network and the VET coin, there is the chance that the price of VeChain will bounce off this level against the USD.

According to the VeChain VET price analysis on Captain Altcoin, the price of VET has formed a descending trendline against the USD. It was initially in the middle of the upper line and the bottom. If it able to surge above the resistance at 109 satoshis, this level would be converted to a support level against the USD. This is when the bulls will recover their control over the market. It is important to note that VeChain isn’t the only altcoin that is being outperformed by the BTC. Bitcoin has been surging higher in a rally above $6000 for a while now. This time, it didn’t carry all the altcoins along. This is why it’s market dominance reached a 7-month high above 56% a few days ago.

VeChain Price Prediction – VeChain News Today – VeChain Thor Price Is Still Bullish Mid And Long-term

At the time of writing, the price of VeChain was $0.006293. This means that it is up by 1.26% against the USD and down by 1.70% against the price of BTC. The trading volume over a 24 hour period is $12,798,170 and the market capitalization is $348,960,270. Over the last 30 days, the price of VeChain is down by 6% against the USD and down by 27% against the price of BTC. It is important that the price of VeChain moves above the current resistance against the price of BTC to avoid more losses.

VeChain (VET) Price Today – VET / USD

Name Price
bitcoin
Bitcoin
$10,119.00-4.47%
vechain
VeChain
$0.0060-2.72%

Even at the current price, VeChain still has strong buy pressure. Also, the VeChain Thor price prediction for the rest of the year is bullish against the USD. There are strong fundamentals like the VeChain partnerships that would eventually reflect on the price of the VET coin. So, it’s a good idea to keep holding on to your VET coins. Before the end of the year, the $0.1000 VeChain price prediction may happen per our previous VeChain news.

What do you think about the VeChain Thor price prediction in our VeChain news today? Share your thoughts in the comment section below.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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