The VET technical analysis shows a bullish struggle to break the long-coming resistance trendline responsible for a drop of 15% since late August. The VET price action Displays a bullish failure to break above the declining trendline in the daily chart. However, the recent improvement in the market conditions supports the possibility of the $8 Breakout to end the bearish trend. So, is this a perfect buying opportunity in Vechain? Key Points: The VeChain price action shows a highly influential bearish trendline in the daily chart. The higher price rejection in the daily candle limits the breakout possibility. The intraday The post VET Technical Analysis: Bulls Struggling To End The Declining Trend appeared first on Cryptoknowmics-Crypto News and Media Platform.
