VeChain price might initially crash to $0.075 if it fails to produce a decisive close above $0.093. If bulls manage to slice through $0.075, it would confirm a bearish outlook and prompt a 16% sell-off toward $0.063. However, if VET bulls reclaim $0.093, an 18% upswing seems likely. The VeChain price could tumble lower if the bulls fail to climb above a crucial supply barrier. VeChain price at an inflection point The VeChain price has been on a massive bull run for almost five months, resulting in 20x returns. Now, this run-up could be facing extinction as it approaches a make-or-break point. VET has failed to pierce the 161.8% Fibonacci extension level at $0.093 for more than a week. This move reveals excessive profit-booking. A spike in selling pressure here could trigger a 16% sell-off toward the Momentum Reversal Indicator’s (MRI) State Trend Support at $0.075. Interestingly, this level coincides with the 50 Simple Moving Average (SMA) on the 12-hour chart. Hence, this level is crucial in determining the fate of VET price. If this demand barrier crumbles due to any reason, it would be fatal for VeChain price. A 16% crash to $0.063 coinciding with the 78.6% Fibonacci retracement level is possible if VET manages to close below $0.075. Adding credence to this bearish outlook is the SuperTrend indicator’s sell signal that flashed on March 25. VET/USDT 12-hour chart A bullish scenario could evolve around two levels, $0.093 and $0.075. If the bulls push the VeChain price to form a decisive close above $0.093, aka the 161.8% Fibonacci extension level, an 18% upswing to $0.11 seems likely. On the other hand, a bounce from the State Trend Support at $0.075 is also a plausible scenario. In such a case, VET price could see its price climb toward $0.093. 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 Asian Stock Market: Trades mixed amid firm US Treasury yields, vaccine hopes FX Street 2 years VeChain price might initially crash to $0.075 if it fails to produce a decisive close above $0.093. If bulls manage to slice through $0.075, it would confirm a bearish outlook and prompt a 16% sell-off toward $0.063. However, if VET bulls reclaim $0.093, an 18% upswing seems likely. The VeChain price could tumble lower if the bulls fail to climb above a crucial supply barrier. VeChain price at an inflection point The VeChain price has been on a massive bull run for almost five months, resulting in 20x returns. Now, this run-up could be facing extinction as it approaches a… 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.