1
The VVS Finance crypto extended consolidation after the buyers failed to close above the range.
2
Its price shows frequent crossover of the 50-day and 200-day EMAs, suggesting a sideways trend.
The VVS crypto suffered rejection from the upper consolidation range in the last couple of sessions, signifying the intention to maintain the consolidation range.
The buyers attempted a breakout on Tuesday as the price broke out of the consolidation range. However, they could not sustain outside the range and suffered rejection from the upper levels.
Looking precisely at the daily charts, it is observed that the price has tested the higher range multiple times, indicating the weakening of the upper boundary of the consolidation.
If the crypto holds near the upper consolidation range and rises again, it may trigger a short covering among the sellers, and the price may break out of the correction phase.
However, if the sellers provide enough liquidity to
We współpracy z: https://www.thecoinrepublic.com/2024/02/17/vvs-finance-crypto-extends-consolidation-breakout-or-breakdown/
