VeChain (VEN) has just broken out of a falling wedge against the US Dollar as can be seen on the VEN/USD daily chat above. The price has yet to test the bottom of the descending channel it has been trading in since the beginning of the year. However, technical indicators at this point indicate a rally from these levels towards the top of the descending channel. Squeeze momentum indicator on the above chart shows a declining bearish momentum since March.
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