VeChain Gains 76.77% in 30 Days, Tests Resistance
- —The 76.77% gain over 30 days is the strongest momentum in nearly a year
- —RSI at 70.1 and %B at 89.3 signal overbought conditions
- —Volume is 18.04% above the 30-day average
- —The price is 97.03% below its all-time high from April 2021
Why it matters: The momentum is confirmed by volume, but overbought conditions raise the risk of a correction toward the SMA-20 near $0.0070818.
Source: DiarioBitcoin