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Price Analysis

VeChain (VET) Price Analysis: Is VET Trying To Hold On To Its Previous Support Zone Or Is It Showing Some Possibility To Spike Up?

The price range of VET in the chart is indicating that somehow it is succumbing to its previous support resistances. According to majority crypto analysts, VET is somewhat trying to stay close to its previous support zones before spiking up this year. Till now, it has not performed remarkably well so far, its price ranges are concerned but, crypto enthusiasts are of the opinion that VET has immense potentials which are sufficient enough to raise it. The rest depends on the price of BTC and market volatility. It has been currently listed on HitBT against BTC, USDT, and ETH. Its efficient partnerships with numerous vehicle companies, different government, and luxurious brands have contributed much towards its present status and will play a significant role in its price hike in the future too.

Current Vechain Price Status:

  • Current market value for vechain price: 0.008015 USD
  • Market cap: 444,445,171 USD
  • Market rank: 25
  • Circulating supply: 55,454,734,800 VET

Vechain Price Analysis and Predictions:

vechain price chart

The above chart shows that at present Vechain price is getting traded at 0.007984 USD or 0.00000100 BTC (UTC time 06:25). Its present 24h volume is worth of 18,793,855 USD. The same chart shows that approx. one month earlier, Vechain Thor had a trading value of 0.006544 USD with a market cap of 362,902,219 USD. So, within this one month, the value of VET price has been spiked up by 22% with 0.006488 USD as a good support resistance level.

On the basis of the above price predictions and its potentials, we assume that VET can have a value of $0.25 by the end of this year.

Conclusion:

Overall, VET has amazing potentials, and once the market stability is attained, it will definitely spike up to a great extent.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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