Vectorspace AI

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>The VXV asset is in a strong downward trend as MACD shows a bearish cross.</a></li>
 <li><span>2</span> <a>It fell steadily last month, confirming a steady downtrend.</a></li>
</ul>
<p>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.</p>
<h2 class="wp-block-heading" id="strong-can-vxv-crypto-price-deteriorate-more-strong"><strong>Can VXV Crypto Price Deteriorate More?</strong></h2>
<p>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.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/MO8h0d37zwbp7t25ymnmSyyIzogPybqj8Ms1F_10PtybRbZwBU5pd7_FKrlTmMvG_o7NgXzEL6EPIgMVqJbxmwEkCs654DST0agnYauldkoJwomLj9EfkzZYQsF8K8TTIx-obwpwQW9AQUhWYCA7AMg" alt="Vectorspace AI: Can VXV Crypto Fall &amp; Break In-Between Supports?">
  <figcaption class="wp-element-caption">
   Source: VXV/USD: CRYPTO.1.D. by TradingView
  </figcaption>
 </figure>
</div>
<p>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.</p>
<p>Furthermore, it has performed poorly in the past week and past month by 2.94% and 20.14% respectively, implying a steady decline.</p>
<p>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.</p>
<p>The VXV asset is showing bearish weakness and falling potential as it drops below 20 and 50-Day EMAs.</p>
<p>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.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/GqmHh0v7Yiirk-FQCJEZiS2L2SN8liPhNhn-0hGf_K6B_7-4u1b47YHCmH2RIO_k64qIXK53LVEY9_f0BgvLhIP12HfXlA_KCu8Jj1GVg-IW-qCSsun7xJBsC-b9QdWJvhraHaPboOImJopE3zzQuxM" alt="Vectorspace AI: Can VXV Crypto Fall &amp; Break In-Between Supports?">
  <figcaption class="wp-element-caption">
   Source: VXV/USD: CRYPTO.1.D. by TradingView
  </figcaption>
 </figure>
</div>
<p>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.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The <a href="https://www.thecoinrepublic.com/2024/01/23/hive-crypto-analysis-what-is-hive-is-it-worth-the-investment/" target="_blank" rel="noopener noreferrer nofollow">Vectorspace AI </a>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.</p>
<p>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.</p>
<p>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.</p>
<h3 class="wp-block-heading" id="strong-technical-levels-strong"><strong>Technical Levels</strong></h3>
<p><strong>Support Levels</strong>: $0.4000</p>
<p><strong>Resistance Levels</strong>: $0.6000</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>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.</p>

Vectorspace AI: Can VXV Crypto Fall & Break In-Between Supports?

Table of Contents

Thecoinrepublic.com

Alte articole publicate pe 24 ian. 2024

JPMorgan Sounds Alarm on Bitcoin ETFs: Coinbase Faces 38% Downgrade

XRP Price Will Crash To Zero Against Bitcoin – Predicts Analyst Max Keiser

Grayscale’s 100K Sell-Off Shakes Bitcoin: Can the Price Recover?

Top 3 Altcoins To Buy In 2024 According to Experts: DeFinder Capital (DFC), Chainlink (LINK), Kas...

Cryptocurrency: 3 Coins To Avoid Trading This Month

Solana Meme Coin Dogwifhat Soars 30% on Bitget Exchange Listing, SOL and BONK See Gains

Join our free newsletter for daily crypto updates!