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VeChain VET Price In An Uptrend – Structure Remains Bullish

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Vecchain Vet Price price achieves slow but fixed to the upward trend. The team continues to build and remains active with the addition of the latest developments with the ability to operate with other chains. In other words, the veterinarian can now be used as a cross chain. These ongoing improvements are the stage of a higher evaluation.

Scofield tracks, which includes 81,900 followers on X, some of them are other prominent merchants, the graph and the expression of upward expectations.

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If you haven’t read an article last month, please go beyond the context. Now let’s go to the graph and analyze ourselves!

Vicein Vet Price Developments: The latest moves

Vechain vet Besion analysis of the latest market movements. Explore what the indicators say as well as the main levels derived from price behavior.

(VETUSD)

Let’s start seeing the daily chart. At the end of April, Price arrived at the orange line for the second time. Since then, the right shoulder of the reverse head and shoulders and breaking the neck line with one daily candle. It reached $ 0.034 – the level at the beginning of March. A very strict level of level moves!

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(VETUSD)

Thus, adding the moving averages to our graph helps to get an idea about the next price location. MA200 is currently located at $ 0.035, and the next line of resistance is $ 0.043. After that, one possible scenario, and perfect for me, is if the price that exceeds the M200, reaches a level of $ 0.043 and returns to the MA200 re -test before continuing at the highest annual level.

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(VETUSD)

Finally, let’s take a look at the 4H time frame. The main thing that I would like to draw your attention is RSI and the market structure. We are witnessing higher levels and highest levels, which means that the trend is optimistic. After that, the relative strength index decreases from the higher levels. Thus, it can decrease to up to 30 points before the next stage.

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The price of vechain (vet) in the upward trend – is still a rising structure

  • The market structure is currently up

  • RSI looks Toppy on the 4H time frame

  • The next possible goal is 0.043

  • It needs to be broken above the ma200 in 4H

Post vechain vet price in the upward trend – the structure is still ascending for the first time on 99bitcoins.

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