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VeChain Price Rebounds at $0.025 Levels, Tamadoge Token Presale Sold Out 90%

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VeChain is under the momentum of sellers

VeChain Price Analysis – September 14th

The bears are testing the psychological support level at $0.023 and aim to breach it to reach potential support levels at $0.022 and $0.021. At the top of the chart, VeChain may face resistance levels at $0.025, $0.027 and $0.029 if the $0.023 demand level holds.

Bulls Dominate the VeChain Market

VET Price Analysis – August 13th

Main levels:

Resistance Levels: $0.025, $0.027, $0.029

Support levels: $0.023, $0.022, $0.021

VET/USD Long-Term Trend: Bearish, Madoge Token Presale 90% Sold Out

From mid-August, the seller is the VET market manager. This is evident from the price drop from he $0.029 demand level to he $0.025 within a week. The price pulled back to test supply levels at the $0.025 level, the price bounced back and the bearish trend continued until his August 26th, when the price fell and broke the previous lows. Reached the $0.022 level. A bearish candle pattern has emerged, driving the price down and currently testing the $0.023 demand level.

Technically, on the daily chart, VET/USD is already in bearish hands. Period 14 of the Relative Strength Index indicator supports a bearish move with the signal line going down at the 43 level. The price has crossed the lower 2 EMAs and the price is below the dynamic resistance level. On the other hand, the bears are testing the psychological support level at $0.023 and aim to breach it to reach the potential support levels at $0.022 and $0.021. At the top of the chart, the coin may face resistance levels at $0.025, $0.027 and $0.029 if the $0.023 demand level holds.

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ADA/USD Medium-Term Trend: Bearish

VeChain is bearish on the medium timeframe. The price move was rejected at the $0.027 resistance level. The price has completed the formation of a short ‘W’ chart pattern. This is a bullish chart pattern and the price crossed the barrier at $0.023 and $0.025.A Strong Bearish Candle Has Emerged, Trying To Break The $0.023 Support Level

If VeChain price fails to break below the 13800 SAT level, the coin could move towards the $0.025 resistance. Period 14 of the RSI indicator curves southwards at the 37 level indicating a sell signal.

The TAMA pre-sale will sell 1 billion tokens. This number represents 50% of the total TAMA supply. TAMA’s solid tokenomics is one of the reasons why presales have become so popular. Unlike other memecoins with trillions to trillions of coins in supply, TAMA’s supply is capped at 2 billion. TAMA has also secured new partnerships to make memecoin popular in the crypto community. To make it easier for traders to invest in his memecoin, the Tamadoge team allows users to buy his Ether using a card or his local payment method such as Transak and convert ETH to his TAMA. announced Fiat On-Ramp support.

Related

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VeChain Price Rebounds at $0.025 Levels, Tamadoge Token Presale Sold Out 90%

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