VeChain Price Analysis: VET fails to move above $0.133, pullback imminent?

TL;DR Breakdown The VeChain price analysis for today seems to be bearish. Price growth for VET/USDT pair was more than 8 percent yesterday.The resistance is at $0.133 and major support at $0.116. VeChain has proved to be one of the best investments in the past few weeks, and yesterday, the bulls pushed the price of the coin from $0.128, reaching a high of $0.137. VeChain price was unable to maintain the resistance zone and convert the area into support and is currently down by 2.07 percent. The bulls got exhausted while testing the resistance at the $0.133 level, the bulls got exhausted. Cryptocurrency heat map. Source: Coin360 The current Bitcoin price is at $48.4k, down by 2.2 percent as the candle could not close above the $50.5k zone. It is the pre-written rule of the crypto industry, Bitcoin’s fall is followed by shorting of altcoins. It is expected that the nearest major support level at $0.116 will likely hold. While VET was one of the best performing altcoins yesterday, Binance Coin rose by over 15 percent. Technical indicators bearish on 4-hour chart: VeChain price analysis suggests retracement Various technical indicators show that Bitcoin was unable to break the price barrier at $50.5k, and as a result, it is currently retracing its support levels present at around $48,350. The VeChain price analysis shows that upward movement is possible if the support zone at $0.116 holds. Chart by Tradingview Consid...