![VeChain [VET] registers exponential growth, but is a reversal underway?](https://i.headtopics.com/images/2023/2/21/cryptoamb/vechain-vet-registers-exponential-growth-but-is-a--vechain-vet-registers-exponential-growth-but-is-a--1628055695122735106.webp)
VeChain’s price increased exponentially over the last seven days The bulls were leading the market and indicators suggested a further uptick Lookonchain, in a 20 February tweet, revealed that the prices of Chinese coins were on the rise over the last few days. VeChain [VET] was one coin that experienced massive growth, with its price […]
’s daily chart revealed that the bulls were dominating the market, which drove the token’s price upwards. The distance between the 20-day Exponential Moving Average and the 55-day EMA was increasing, suggesting that the bulls were not taking the back seat. The MACD’s findings also complemented those of the EMA Ribbon, as it too suggested a bullish advantage in the market.’s price was entering a high volatility zone, increasing the chances of a continued uptrend.
Nonetheless, VET development activity has decreased compared to the previous week, which is a negative sign as it indicates fewer efforts from developers to improve the network.Subscribe to get it daily in your inbox.
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