VET is currently trading at $0.0147 after a notable bounce from its low in September at $0.01. VET price is facing some resistance in the form of the 12-EMA at $0.0148. VeChain had a steep correction after its peak on August 7, and it’s still down 36% since then. Bulls are looking for a clear breakout while bears are waiting to continue with the robust downtrend formed. VET/USD 3-day chart On the 3-day chart, the TD Sequential indicator created a strong buy signal on September 9, which has been confirmed now after two consecutive green candlesticks. The 12-EMA resistance level is right around the current price, and the MACD looks to be on the path of a bullish cross. VET IOMAP Chart Source: IntoTheBlock Furthermore, looking at the IOMAP chart, we can notice that there is very little resistance between $0.014 and $0.017; however, above this last level, there is a massive resistance cluster. VET/USD daily chart VET’s daily chart is looking more bullish now that the price established a higher low and a higher high. The MACD also turned bullish, but the 100-MA is acting as a strong resistance level. VET New Addresses Source: IntoTheBlock Unfortunately, even if the bulls can push VET towards $0.017, the colossal resistance cluster at that level will most likely push it back down. However, the interest in VET seems to be fading away as the number of new addresses has been declining since July. Similarly, the number of transactions is also down. The most critical resistance level remains at $0.017, while support is at $0.01. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next S&P 500 top movers: Aptiv PLC (APTV: NYSE) up more than 5% on price target hike FX Street 2 years VET is currently trading at $0.0147 after a notable bounce from its low in September at $0.01. VET price is facing some resistance in the form of the 12-EMA at $0.0148. VeChain had a steep correction after its peak on August 7, and it’s still down 36% since then. Bulls are looking for a clear breakout while bears are waiting to continue with the robust downtrend formed. VET/USD 3-day chart On the 3-day chart, the TD Sequential indicator created a strong buy signal on September 9, which has been confirmed now after two consecutive green candlesticks. The 12-EMA resistance level… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.