Vechain Price Analysis: VET/USD set to move below $0.1200 in the next 24-hours

TL;DR Breakdown VeChain price analysis is bearish for today.VET/USD rallied to a daily high of $0.1530VET/USD rejected further upsides hence preventing a rally to $0.1600 Today’s VeChain price analysis shows that the coin is awaiting a bearish trend in the next 24-hours after the market witnessed a slow uptrend to the $0.1600 region and then a sudden downtrend to the $0.1300 mark. Therefore, we are expecting the VET/USD to decline in the course of the day and retest lower support around $0.1250. Cryptocurrency heat map. Source: Coin360 The overall cryptocurrency market is trading in the red zone after shedding value on the 24-hour chart. Bitcoin broke from the $52k mark and retraced by 0.81 percent; ETH lost 3.77 percent while  ADA and XRP lost more than 2 percent. Solana emerged as the best performing coin of the day with a percentage increase of 28 and was able to break into the $180 level.  VeChain price movement in the last 24 hours: VeChain spikes to $0.1500 According to the 24-hour Vechain price analysis, the VET/USD pair traded with a range of strong volatility from $0.1325 – $0.1530. Vechain’s total trading volume went up by 9.73 percent to a sum of $864 million. Meanwhile, the coin has accumulated a total market capitalization of $8.8 billion and ranks at position #23 overall.  VET/USD 4-hour chart: VET set to retrace overnight? The 4-hour Vechain price analysis chart shows the supply chain toke...