Sam_TCR

The VVS Finance price remains below major resistance

Short
CRYPTO:VVSUSD   VVS Finance
The price structure of VVS Finance has been in a fierce battle, with bulls initially holding the upper hand. However, on March 9th, 2024, bears entered in the game and caused bulls to lose momentum. As a result, bears took over and established lower lows and highs on the daily chart.

The VVS Finance price remains below major resistance levels from the 20-day and 50-day EMA bands and is tracking a downward trendline on the daily asset chart. Meanwhile, RSI is at 50.37, declining below by facing resistance from 14-SMA, and MACD is has formed a bearish cross and is at 0.0000000015.

At the time of writing, the VVS Finance price has faced an increase of +2.30% since yesterday and was at $0.00000485 at press time.

If the VVS Finance price asset drops below the $0.000004300 threshold support, it may continue to fall and reach lower points in the coming sessions.

Conversely, should there be a surge in demand for the VVS Finance price asset, it may rebound significantly from its present price level. The next target for the price may be to hit $0.000005800, and beyond this price level, it could stretch up to $0.000006600.
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