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Bears Capitalize on Bulls’ Retreat, Drags VET Prices Down to $0.01609

Published 21/12/2022, 12:18
Bears Capitalize on Bulls’ Retreat, Drags VET Prices Down to $0.01609

  • Bears have been exerting pressure on the VET market in the previous 24 hours.
  • Indicators suggest that bulls may have a chance to prevail.
  • Bulls must strive to reverse the current negative momentum in VET.

Bulls in VeChain (VET) succumbed after encountering firm resistance around $0.01653, and bears successfully pushed the prices down until reaching support at $0.01603. As of press time, this downward trend has managed to lower prices to $0.01613 (a 2.19% dip).

This recession caused a 2.00% decline in market capitalization to $1,169,930,414 and a 33.19% reduction in 24-hour trading volume to $22,548,675, respectively.

The post Bears Capitalize on Bulls’ Retreat, Drags VET Prices Down to $0.01609 appeared first on Coin Edition.

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