Tweet from Vechain reported a partnership with Safetech to increase the resilience and integrity of the blockchain
Vechain prices remain bullish for the day. Vechain designed with the purpose of building robust foundational infrastructure and driving Web3 adoption throughout the global economy. In the process, Vechain has collaborated with Safetech Labs to deploy mainent node clusters across Europe and the United States.
Safetech Las is an expert in “We3 API gateway, blockchain & Dapp development, designing hardware infrastructure, and security engineering to power the digital transformation of business processes.
Technical Chart Says A Breakout To Happen
Technically speaking, the Vechain piece is consolidating inside a rising triangle. An ascending triangle is formed with two sloping lines. The price is taking support around the 50-day moving average. If the buying pressure sustains, in this case Vechain buyers will push the price toward the higher trajectory.
In that case, the immediate resistance could be found near $0.02600 allowed by the high of March 1 at $0.02860.
On the other hand, if the price breaks below the moving average, this will result in the lower breakout. The liquidation could happen toward $0.02200 and then $0.02000 can not be ruled out.
The daily RSI (14) trades neutral at 51.
As of press time, Vechain is reading at $0.02450, up at 1.34% for the day.
