bitcoinBTC/USD
$ 20,150.00
ethereumETH/USD
$ 1,134.12
tetherUSDT/USD
$ 1.00
cardanoADA/USD
$ 0.456446
xrpXRP/USD
$ 0.323407
usd-coinUSDC/USD
$ 1.00

VeChain Price Prediction September 2021: Can We Expect A Breakout For VET

VeChain Price Prediction September 2021: Can We Expect A Breakout For VET

VET Technical Analysis – September 2021

Monthly Analysis

In the last 30 days, VET increased by almost 40%. This increase was marked by a price of $0.15. Then, VET was followed by a price dip, going below $0.10 and entering a period of consolidation.

VeChain Price Prediction September 2021: Can We Expect A Breakout For VET

Weekly Analysis 

Throughout the week, VET has been in consolidation. The recent price movement has shaped a triangle pattern. Such a pattern indicates that a potential breakout might occur, either upwards or downwards.

Daily Analysis

Over the last hours, VET has been fluctuating, indicating that the price is highly volatile and that there is uncertainty on whether the price may increase or decrease. 

VeChain Price Prediction September 2021: Can We Expect A Breakout For VET

Key Structures

Support

  • $0.097

Resistance

  • $0.157

Indicators

Moving Average

Due to the recent price decline, the 20-day moving average is now above the price. This suggests that the short-term trend could now be downwards and that this MA line can act as resistance.

The 9-day EMA is much close to the price. If the price increases in the coming hours, then the EMA line might go below the price and act as support in the coming days.

Relative Strength Index

The RSI of a daily chart is fairly average. Being at around 50, this RSI suggests that the price of VET can either increase or decrease in the coming days and that the selling pressure between buyers and sellers is fairly neutral.

MACD

The signal line is above the MACD line, which is now headed below the baseline. This suggests that the momentum is bearish and that the price may keep decreasing in the coming days.

Fear & Greed

The fear and greed indicator suggests that the current dominating emotion in a daily chart is fear. If this continues, then VET may eventually reverse when greed takes over.

VeChain Price Prediction September 2021: Can We Expect A Breakout For VET

Fibonacci

The Fibonacci levels of the long run, where VET is in a descending channel, suggest that the 38.2% level has been penetrated and that the 61.8% level might be the next level tested if the price further increases.

VeChain Price Prediction September 2021: Can We Expect A Breakout For VET

In the shorter run, the Fibonacci retracement levels of the ascending channel suggest that the price is yet to retrace at the 61.8% level. If support is found there, then VET can soar upwards in the coming weeks.

VeChain Price Prediction September 2021: Can We Expect A Breakout For VET

Price Prediction VET – September 2021

Based on this technical analysis, we might see VET have a breakout upwards. The support levels are going to be crucial. If resistance is penetrated, then we might see the price of VET edge closer to $0.18. The short-term trend is still bullish for VET, even if the long-run trend suggests that the price might head downwards in the coming months.

Latest News for VET – Affecting Price

One reason that VET increased in the last month was the partnership with Simplex. This partnership enabled users to purchase VET with fiat currencies directly. This made VET much more accessible and increased the demand for trading VET.

Also read: VeChain (VET) Price Prediction – Will VeChain Reach $1?

Also read:

Related News

Will KuCoin Token Reach $100 in 2022 – KuCoin Price Forecast

KuCoin is a popular cryptocurrency exchange because of its cheap fees and extensive range of features. The platform allows you to trade in futures and margin products, using a vast variety of tokens to pick from. The crypto exchange also has a native coin KuCoin Token (KCS). KuCoin’s numerous features, low costs, and wide range of cryptocurrencies make it a great choice for experienced cryptocurrency traders. But what about its

Read More »
Ethereum Price Prediction May 2022: Will ETH Reach $5,000 in May?

Ethereum Price Prediction May 2022: Will ETH Reach $5,000 in May?

ETH Technical Analysis – May 2022 Ever since hitting an all-time high in November of 2021 at around $4,800, the price of Ethereum (ETH) has been in a downtrend. Initially, the price declined by around 26%, and ETH ended the year at $3,500. That bearish momentum continued in January as well, where ETH declined by almost 45% in January alone. However, ETH managed to find support at $2,160, which then

Read More »
Bitcoin Price Prediction May 2022: Will BTC Reach $100,000 in May?

Bitcoin Price Prediction May 2022: Will BTC Reach $100,000 in May?

BTC Technical Analysis – May 2022 Ever since Bitcoin (BTC) reached its all-time high in November of 2021 at around $69,000, the price has been in a downtrend. The price initially declined by more than 30%. BTC ended the year at around $50,000.  In 2022, BTC maintained that similar approach, where the price declined by an additional 35% in the first few weeks of the year. After finding support at

Read More »

My Coins

bitcoinBitcoin
$ 20,150.003.13%
ethereumEthereum
$ 1,134.123.92%
cardanoCardano
$ 0.4564461.61%
tetherTether
$ 1.000.09%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

sales@crypto-academy.org

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: sales@crypto-academy.org