The Vechain (VET) price has been increasing rapidly since July 1. While a short-term retracement seems likely, VET is not yet done with its upward move. Long-Term Movement The VET price reached a low of 37 satoshis on March 13 to complete a double-bottom, which is strengthened by significant bullish divergence on the weekly RSI. Once the price broke out from the 105 satoshi
VET Aims to Reclaim Previous Support at 200 Satoshis
VET has broken down from a symmetrical triangle.
The price seems to be completing the C wave of an A-B-C correction.
There is long-term support at 105 and resistance at 255 satoshis.
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