The technical analysis reflects the declining trend under the influence of resistance and 200-day EMA with RSI struggling to stay above the halfway line. VeChain (VET) price action displays a downtrend in the market as prices dropped below $0.018 during early trading hours. Although recent consolidation signals some stability in the market, the sideways movement is yet to confirm a recovery pattern. Despite the 24-hour trading volume of VET rising by 20.05% to $34.04 billion, the VET saw a drop of 4.11%. Indicating a downtrend, the market valuation also declined to $1.31 billion with a 4.05% drop. At a base The post VET Technical Analysis: VeChain in Constant Struggle At Declining Trendline appeared first on Cryptoknowmics-Crypto News and Media Platform .
