VeChain Price Analysis: VET breaks $0.15, ready to reach $0.16 next?

TL;DR Breakdown VeChain price analysis is bullish for today.VET/USD rallied overnight after a consolidation yesterday.VET breaks past $0.15 major resistance. VeChain price analysis is bullish today as the market has started to advance again after a consolidation yesterday. Since VET/USD has broken past the $0.15 resistance, we expect further rally today, with the $0.16 mark as the next target. Cryptocurrency heat map. Source: Coin360 The overall market traded with mixed results over the last 24 hours. The market leader, Bitcoin, has gained 0.77 percent, while Ethereum is down by 0.29 percent. Meanwhile, VeChain (VET) is among the best performers, with a gain of 6.51 percent. VeChain price movement in the last 24 hours: VeChain breaks past $0.15 VET/USD traded in a range of $0.1415 – $0.1521, indicating a good amount of volatility over the last 24 hours. Trading volume has decreased by 20 percent and totals $842.8 billion, while the total market capitalization trades around $9.735 billion, ranking the coin in 20th place overall. VET/USD 4-hour chart: VET targets $0.16 next? On the 4-hour chart, we can see the VeChain price breaking past the $0.15 mark earlier today, which should lead towards further upside today. VET/USD 4-hour chart. Source: TradingView VeChain price action has traded in an increasingly tighter range over the past weeks. After reaching a new high at $0.144 on the 16th of August, VET/USD retraced to ...