About ten days ago, when the price of VeChain entered a mini bull run, it touched the 0110 satoshi level but was not able to break above it shortly after a correction. This led to a period of stability followed by a sudden crash in the price of VeChain this morning. Now, there is strong resistance at 099 satoshis and there is a slim chance that the price of VeChain is going to surge above this level anytime soon. There are VeChain support levels at 087 and 080. These support levels will prevent the price of VET from falling further against the price of BTC assuming that it keeps falling near-term.
Right now, the breakout level for the price of VeChain VET is at 110 satoshis. It is important that the VET token surges above this level to confirm that the bulls have taken control of the market. If the price of VeChain is able to move above the 110 satoshi level successfully, the next breakout point will be at 142 satoshi according to the VeChain Thor price prediction on CaptainAltcoin.com.
VeChain Thor Price Prediction
VeChain partnerships are announced almost every week. Still, the price of the VET coin is not responding positively to the good news. In our previous VeChain Thor price prediction, we said that these VeChain partnerships have the potential to drive the price of VET to the $1 level this year. However, with the current price action, it is becoming less likely. The main reason why these partnerships aren’t driving a VeChain bull run yet is that most of them have little to do with the VET token.
VeChain (VET) Price Today – VET / USD
The VeChain VET token has been bleeding out since yesterday but started to trade in the green today. VET Coin would soon get to the oversold region after which a mini VeChain bull run will happen.
If you’re considering buying VeChain, this may be a good time to invest. There is a high chance that you would gain significantly when the price surge but you have to be willing to take the risk.
VeChain News Today – VeChain Partnerships
The price of VeChain VET has been red on CoinMarketCap till yesterday. This is after it enjoyed a bull run for some days. Now, the bulls have run out of steam and there is no sign that they will be returning soon.
The VeChain Foundation has added many new members to the list of VeChain partnerships. Also, this is altcoin season. Many altcoins are doing remarkably well as the price of Bitcoin finds relative stability. In our previous VeChain news, we mentioned that the VeChain Thor price prediction was bullish against the USD and BTC.
As a digital asset investor, you need to prepare yourself for the upcoming surge in the price of VeChain if you want to benefit from it. Per our previous VeChain Thor price prediction, the VeChain partnerships and developments will lead to a surge in the price of the VET token. The current price action of VeChain is evidence of the power of the bulls.
The current trend for VeChain is presently neutral until price action can close above the $0.00822 level. For this market to be considered bearish, we would need to see VET break beneath the $0.0057 support level.
If the buyers can break the resistance at $0.00822, they will meet immediate higher resistance at the bearish .618 Fibonacci Retracement level (drawn in red), priced at $0.008371. This bearish Fibonacci Retracement level is measured from the November 2018 high to the December 2018 low.
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