VeChain Price Corrects 60%, Shows Breakout, Will It Rise Soon? 🩸🔥📈#TopCoinsJune2024

Since March, VeChain (VET) price has been in a correction phase and has lost around 60%. VET price has been decreasing through a descending channel and has lost the key support level at $0.0270. 🩸🩸

The downtrend has stalled near the $0.0200 barrier, and VeChain buyers have been defending this level since July. Now, VET price has sparked a breakout from a descending channel. Read on to learn about VET price performance after the breakout. 🩸🩸

VeChain price was trading at $0.0240 and has remained neutral over the past 24 hours. With a market cap of $1.94 billion, the cryptocurrency maintained a 24-hour trading volume of $23.54 million. 🩸🩸

VET price formed a descending triangle pattern and sparked a breakout. This breakout could invite buyers and lead to bullish expectations. After the breakout, the price rose by 6% in a single day. 🩸🩸

Once the price is able to hold above the 20-day exponential moving average (EMA), it could attract buyers. The RSI and previous levels suggest that this level could be a reversal zone. $VET