HomeShould you buy VeChain after the 20% dip?

Should you buy VeChain after the 20% dip?

Ansh Rathod

VeChain (VET/USD) has taken a huge hit in the recent dip and has fallen from $0.177 to $0.135, it has fallen by over 20% in just three days and investors are now looking for opportunities to go long. Vet was over 6% lower on Thursday and is still looking very weak for the coming weeks however this could be an opportunity for investors to buy the dip.

  • Vet has fallen by over 20% in just three days by forming huge red candles which is showing that it is still very weak and there are no signs of buyers returning anytime soon.

  • Vet is now down to a very crucial support level, which was also the zone from where it started its previous rally however it is looking like a breakdown from the zone will be seen. 

  • The 50-day moving average could also be seen supporting the price however Vet could break through the 50-day moving average anytime soon as the selling volumes were high on Thursday.

  • The RSI is showing no signs of reversing and is falling at a very rapid rate thus any long entries should be avoided until the RSI starts rising which will show that the buyers are slowly coming back.

  • A reversal could be seen at $0.126, however, investors must be cautious by entering only if a reversal is seen and should also maintain a stop-loss below the zone.

  • A target can be set at $0.157, followed by $0.18.


Investors must be patient and wait for the right to enter Vet as an early entry could be very risky as Vet could still continue falling, however, this could be a great opportunity to buy the dip as Vet is a great coin fundamentally.

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