VeChain's VET Falls 5.01% to $0.0065, Tests Key Support Levels
- —VET trades below its $0.0066111 VWAP and near the intraday low of $0.0064707
- —RSI at 35.2 and stochastic at 6.3 point to oversold conditions without a reversal signal
- —VET is down 28.41% over 30 days but still up 45.46% over 90 days
- —The 200-day SMA at $0.0062892 remains the nearest support level
Why it matters: A sustained break below the 200-day SMA would deepen the bearish case, while reclaiming the VWAP would be the first sign of a rebound.
Source: DiarioBitcoin