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Crypto News - VeChain Price Prediction VET prepares for a 26% climb - Bitcoin Price

Crypto News | Bitcoin News
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VeChain Price Prediction: VET gets ready for 26% advance.

VeChain price is range-bound, considering a fast increase but could deal with barrier near the instant resistance area.

VeChain price found support at $0.170 prior to creating a local leading around $0.251 on April 17. Although VET has deviated a couple of ticks far from these swing points, it has respected the limits.

Like lots of altcoins, VET has likewise developed a range where it moves sideways, showing no directional predisposition. Such clockwork-like movement can be attributed to the Bitcoin cost crashes saw over the last 2 weeks.

After sliding nearly 36% from the regional top and bouncing two times from the lower pattern line, VeChain rate eyes a reversal to $0.251. While this 26% trip to the advantage appears possible, a supply zone that extends from $0.190 to $0.198 may deter the bulls from advancing.

A decisive close above $0.198 may move VeChain price to $0.251, with a pitstop around the 50% Fibonacci retracement level at $0.211.

If the bulls fail to breach the said location of interest, a retracement to $0.170 seems likely. A 4-hour candlestick close below $0.162 will signal invalidation of the bullish thesis.

In such a situation, investors can expect VeChain rate to move 11% to $0.143.

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