Over the night, the bitcoin rate increased by $ 6 thousand.The first cryptocurrency began to rise in price after its price dropped to a new local minimum of $ 46.9 thousand. Now the asset again approached the $ 53 thousand mark. Let me remind you that all previous corrections since the beginning of 2021 ended daily candlestick with an increase of 8-10%.
Altcoins from the top 10 cryptocurrencies by capitalization traditionally grow faster than Bitcoin, Litecoin is the worst of all + 7%, and Uniswap is the best of all + 18%. Only Dogecoin is downsides, but it is still in the top ten ??
?? TOP-3 per 24 часа:
Polygon - $0.4826 (^34.2%)
UMA - $25.86 (^25.48%)
PancakeSwap - $33.81 (^22.55%)
Cryptocurrency VeChain (VET): weekly rate forecast. VET expects inevitable growth to 36%
Hello traders, investors and the community. Welcome to the technical analysis of VET/USD, today we will look at the perspective of a 4-hour period. As the VeChain price found support at $0.15.
Like many altcoins, VeChain price also fell as low as 36% from the local high and found support at $0.15 by testing that low twice. As soon as the price manages to overcome the current obstacle of $0.18, the price will immediately go to the level of $0.205, from where I expect a likely pullback to $0.18750 and further rise to $0.256.
4-hour chart VET / USDT
The Moving Average Convergence Divergence (MACD) indicator turned bullish on crossing into positive territory. The positive outlook for VeChain is also confirmed by the rise of the MACD line (in blue) above the signal line.
To summarize: In this scenario, investors can expect VeChain price to rise at least 36% to $0.256.
But you also need to take into account the fact that if a candlestick on a 4-hour chart closes below $0.16, this action will signal the inappropriateness of a bullish forecast. In this situation, we can expect a decline to at least $0.143.
?? Earn money, but don't forget about risk management and money management.
Disclaimer: This article is informative and does not provide information on where to invest. If you are planning to invest, do your own research.
