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Showing posts with the label resistance

VeChain Faces Resistance At $0.03: Can VET Hit $0.05 In June?

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VeChain is having trouble breaking above $0.030. The price of the asset decreased by 5.3% over 14 days and 19.7% since May 2024. Even with the bearish market performance, VET has gone up 0.7% in one day, 1.6% in a week, and 6.4% during the last month. Source: CoinGecko Also Read: VeChain On The Verge Of Overtaking Trump Coin: Here’s When Crypto Market Rally Fades Source: Watcher Guru The crypto market experienced a surge over the last few weeks after a spike in institutional investments. Bitcoin (BTC) climbed to a new all-time high of $111,814 on May 22. The original crypto has since fallen by 1.8%. BTC’s rally triggered a market-wide upswing. VET and other assets followed BTC’s upward trajectory. The rally has since cooled off. Also Read: Cryptocurrency: 3 Coins That Are Capable Of Becoming The Next Bitcoin VeChain (VET) has struggled to gain momentum despite the recent market roar. The asset climbed to $0.077 in December of last year. Since December, VET’s price has ...

Key Bitcoin levels to watch as BTC eyes return above $100,000

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Summary: ⚈ Bitcoin is trading near $96,739 and aiming to break $100,000 soon. ⚈ Key levels to watch are $94,657 (support) and $97,828 (resistance). ⚈ High RSI suggests BTC may face short-term downside before another rally. After threatening to end the bull cycle before coming close to the previously forecasted cycle tops near $200,000, Bitcoin (BTC) broke out in mid-April and is once again promising to reclaim the psychologically important $100,000 level. Specifically, after falling to 2025 lows near $75,000 on April 7 and April 8, as Liberation Day tariffs pushed stock and cryptocurrencies lower, and bond yields and gold higher, BTC set an upward course and achieved a multi-month high above $97,000 on May 1. The subsequent correction, as relatively mild as it has been, demonstrated that Bitcoin’s journey will not be smooth.  Indeed, the world’s premier cryptocurrency has entered a seemingly stable zone between $96,000 and $97,000 in the last 24 ho...