VeChain Price Analysis: VET sets daily high at $0.144, retracement to follow?

TL;DR Breakdown Today’s VeChain price analysis has put on a bullish outlook.VET/USDT price has found nearest support at $0.124.The price moved from 0.137 to 0.145 overnight, although unable to breach resistance.Major resistance is currently located at $0.144 price levels. VeChain has been quite profitable for the last two days as the price surged from $0.115 on 31st August to $0.145 on 2nd September, which is quite an amazing rally. Along with VET, Coin98, MATIC, and DOT have also seen a lot of bullish action. This bullish atmosphere had been absent from the crypto industry for most of May, June, and July. The green candles in the 4-hour VET/USDT price chart reveal that, indeed, VET is a profitable investment. For the current scenario, VeChain is trading at $0.144, which is an area of resistance. Another resistance is situated at $0.164. After breaking out from the earlier resistance of $0.123 levels, support has been formed at $0.125. After such high gains, it is possible that the bulls get exhausted unless Bitcoin makes its move. Bitcoin is up by over 2.5 percent and is trading above $49k. It is expected that the BTC/USDT pair will again try to breach the strong resistance that is present at $50k. If Bitcoin can successfully rise further and breach this resistance, we might see a bullish surge for VET/USDT and a successful breakout from its current resistance levels. Technical indicators on VET/USD 4-hour chart: VeCha...