VET Technical Analysis: Can Buyers Overtake Control of 200-day EMA?

VET coin price experiences sudden exhaustion in buying pressure after the 200-day EMA breakout resulting in a 9% decline. Will buyers regain trend control? Key technical points: VET prices create a piercing candle resulting in an 8% discount. Next, the altcoin fails to sustain above the 200-day EMA. Finally, the 24-hour trading volume of Vechain is $888 Million, marking a 57% decline. Past Performance of VET VET coin price shows a phenomenal bullish engulfing candlestick of 17% gain as the rounding bottom breakout rally. The rally breaks above the 200-day EMA and the $0.082 resistance level. However, the buyers fail to sustain pressure to continue the uptrend resulting in a sharp downfall of 8% with a piercing candlestick. Source-Tradingview VET Technical Analysis VET coin price showcases a bearish follow-through candle with a 1.10% fall but the lower price rejection with the long-tail formation highlights the bullish fightback. Hence, buyers can shortly sabotage the bearish candle with a sideways trend before continuing the uptrend. The crucial daily EMAs (50, 100, and 200-days) maintain a bearish alignment as the price trades close to the 200-day EMA. Moreover, the uptrend in the 50-day EMA continues, teasing a potential bullish crossover with the 100-day EMA. RSI Indicator: The RSI slope tests the 14-day SMA as it fails to sustain in the overbought territory. However, the uptrend might continue if the RSI slope reverses fro...