Can VXV Crypto Fall & Break In-Between Supports?

Vectorspace AI offers cutting-edge correlation matrix datasets that enable researchers to expedite their data-driven breakthroughs and discoveries through the use of patented NLP/NLU technologies.

Can VXV Crypto Price Deteriorate More?

The VXV crypto showed a strong resurgence earlier on the chart, as the price surged from a critical level of around $0.1750 on the charts. It showed a remarkable uptrend with approx 375% profits. It pierced through all the hurdles in between and jumped to new levels.

However, the VXV crypto showed a sign of weakness as it failed to sustain at the top, and as a result of this instability, the asset’s price retreated from the critical level of around $0.7500 on the charts.

Furthermore, it has performed poorly in the past week and past month by 2.94% and 20.14% respectively, implying a steady decline.

The Vectorspace AI is geared for a dismal decline, as it fails to breach the top resistance level and sinks to lows by breaking previous swing lows and forming B-o-S (Break of structures) on the downside.

The VXV asset is showing bearish weakness and falling potential as it drops below 20 and 50-Day EMAs.

Furthermore, the VXV asset is in a strong downward trend as MACD shows a bearish cross and the RSI is at 43, which displays no signs of oversold conditions, suggesting that the crypto asset has more space to fall.

Therefore, if the crypto price fails to stay above the $0.4000 level, it could decline further. On the flip side, if the demand for the VXV surges, the asset price could bounce back. The next goal for the price is the $0.6000 mark.

Summary

The Vectorspace AI is geared for a dismal decline, as it fails to breach the top resistance level and sinks to lows by breaking previous swing lows and forming B-o-S (Break of structures) on the downside. The VXV asset is showing weakness and as it drops below 20 and 50-Day EMAs.

Furthermore, the VXV asset is in a strong downward trend as MACD shows a bearish cross and the RSI displays no signs of oversold conditions, suggesting that the crypto asset has more space to fall.

Overall, technical tools are showing bearishness on the chart, and price action highlights the continuation of the downtrend. Therefore, if the crypto price fails to stay above the $0.4000 level, it could decline further.

Technical Levels

Support Levels: $0.4000

Resistance Levels: $0.6000

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.