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VeChain News Today – Headlines for August 27

  • The digital asset market is presently overwhelmingly bearish
  • The price of VeChain gained 0.09% in the last 24-hours
  • Cardano is down by 0.59%, Dash facing uncertainty

VeChain News Today – with the current atmosphere in the market overwhelmingly bearish, the bulk of the major digital assets appear to be struggling. They are now fighting hard to hold their high positions and valuations on the price charts as several corrections ensue. While this price decline has remained at a minimal level in the last 24-hours of trade, the price charts of a few digital assets seem to suggest that a further downward movement could follow the current structure in the coming trading sessions.

Whatever the case is, we can only wait and see if this speculation will truly play out. VeChain, Cardano, and Dash are in the spotlight today.

The Price of VeChain Gained 0.09% in the last 24-hours

For VET, the coin native to the VeChain network, the Chaikin Money Flow is a sign that the capital inflows for the network were on the verge of getting outdone by the capital outflows. However, in the last 24-hours of trade, VET’s valuation has improved by a minor 0.09%. VET was holding a total market capitalization of $937 million as of when this content was published, it also had a below-average 24-hour trading volume (sitting at $133 million).

Additionally, the BB (Bollinger Bands) for VET/USD appeared to be diverging partially on the charts. This implies that volatility could potentially become higher eventually. However, there’s a chance that the opposite could still happen. The MACD pattern continued to move under the signal line which suggests that the coin is currently in a bearish trend.

Cardano is Down by 0.59%, Dash Facing Uncertainty

Cardano’s decline has been obvious since August began. In the last few days, ADA posted an ascending channel pattern. The price of ADA lost 0.59% in the last 24-hours. The coins’ market cap stands at $2.91 billion and it holds a trading volume of $336 million at press time. The Awesome Oscillator indicates a bearish pullback. The red signals of the histogram have become less defined. Momentum is weak. RSI indicates high selling pressure for the coin.

For the DASH token, the situation remains uncertain despite the bearish pressure. The crypto has continued to post sharp pullbacks. A major trend is a resistance at the 50-EMA in the past week. The price of DASH has bounced beneath that after a minor breach. The Parabolic SAR is bearish because of the dotted markers on the candlesticks. the RSI for DASH may post little buying pressure in the coming days. DASH held a market cap of $826 million at press time. It was also changing hands at $85.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she’s not writing, she spends time with her adorable cat, Ginger and works out often.

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