The crypto chart shows a willingness to continue bullish momentum
Recall that in the recent past Vechain coins have risen by 22%. And today there are no factors that would affect the cryptocurrency negatively and would cause a decrease in the rate of price rise of the token.
The bullish trend was established after several attempts of bulls to break through the resistance level, which was at the level of $0.097. Despite the 25% correction in the value of the cryptocurrency in March, now its price is higher than the key moving average of previous years.
Currently, bulls need to focus to increase the price of cryptocurrency by 26%. At the time of writing, it is at $0.1177, according to CoinMarketCap.
Aggressive traders can be advised to take a closer look at the indicator 50% higher than the current price. This is also quite likely, given the breakout activity and good trading volume.
Weekly VET/USD chart
The support for the rollback will be the level of $0.097. If the cryptocurrency closes below this level, the forecast will cease to be bullish. The next support level will be at $0.075-$0.070.
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The article has an informational character, reflects the opinion of the author. Before you make a decision, analyze the market situation.