VeChain has shown it's strength by increasing from it's all time low price. The other altcoins are showing the similar price action, like ZRX(0x) was the first coin to breakout from it's longterm downtrend. For the first time since listing, VeChain managed to break the 200-day exponential moving average (EMA), as can be seen in the following chart.
Source: TradingView
It’s not only moving above the 200-DMA and EMA, but it also broke a 14-month long downtrend.
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What could be the reason for the price of VeChain and Volume to increase?
Source: https://cointelegraph.com/news/what-is-vechain-vet-and-why-did-it-pump-65-this-month
