Vechain Price Analysis: VET/USD still trading bearishly below the $0.1150 mark

TL;DR Breakdown Vechain price analysis is bearish for today.VET/USD retraces after peaking at around $43.VET is set to retest the $38 support. Vechain price analysis indicates bearish price action momentum to follow later today as the market peaked around $43 earlier today and currently declined back to $0.11250 support. Therefore, we expect VET/USD to decline further and retest the $0.11220 support later today. Cryptocurrency heat map. Source: Coin360 The overall market traded in with mixed signals after some coins recorded gains while others posted losses. Bitcoin and Ethereum gained 0.25 percent and 0.21 percent respectively. Market losers include XRP, ADA, BNB, and SOL. Vechain price movement in the last 24 hours: Vechain spikes to $43, bears take over again VET/USD traded in a range of $0.1116 – $0.11409, indicating strong volatility over the last 24 hours. Trading volume has decreased by 8.21 percent and totals $494 million, while the total market cap trades around $7.2 billion, ranking the coin in 27th place overall. VET/USD 4-hour chart: VET set to retest the $38 support? On the 4-hour chart, we can see the Vechain price declining again as bulls are not ready to break higher. VET/USD 4-hour chart. Source: TradingView Vechain price has recorded substantial volatility this week. A new lower low was set after a strong decline from $0.12900 to $0.09950 on the 7th of September. However, the market recovered pretty quickly ...