VeChain Surges to 2018 Levels, But These Metrics Hint the Run-Up Isn’t Over Yet

As some of the most prominent companies and government agencies around the world continue to give VeChain a vote of confidence, its price has done nothing but shoop up. Strong Resistance Ahead IntoTheBlock’s “In/Out of the Money Around Price” (IOMAP) model reveals that the $0.022 hurdle may have the ability to put a stop to VeChain’s uptrend.

Around this price level, over 1,300 addresses had previously purchased nearly 241 million VET. But moving past this price supply wall increases the odds for a further advance towards the next resistance level at $0.028.

Timeline of Vechain