A look at VeChain
Just a quick look at VEN and possible reasons for some of the price action as well as support/resistance levels I've identified.
Green Line = Resistance at 48k
Purple Line = Next resistance at 44k
Faded Purple Line = Broken resistance at 41k but not acting as support
Orange Line = 38k strong support (bounced off this in the dump)
Red Line = 36k range next potential support if it dumps again
Personally, I don't think VEN will go lower than 38k, but you never know, some recent blunders (see chart) have let them down.
Green Line = Resistance at 48k
Purple Line = Next resistance at 44k
Faded Purple Line = Broken resistance at 41k but not acting as support
Orange Line = 38k strong support (bounced off this in the dump)
Red Line = 36k range next potential support if it dumps again
Personally, I don't think VEN will go lower than 38k, but you never know, some recent blunders (see chart) have let them down.
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