Price Analysis

VeChain Price Analysis: Is VET Likely To Surge Upward Soon?

Sunny Lu, the Founder of VeChain was recently featured in Editor’s Pick Q&A after he shared his vision on Real-World Applications of Blockchain Technology Report.

Current Statistics of VeChain:

The value of VET is trading at $0.0048346 at 05:17 UTC on 14th August 2019, which seems to drop a little further more in coming hours. The other contributions on the chart are calculated as:

  • Market Ranking: 31
  • Return on Investment: -67.76%
  • Total supply/Circulating Supply: 86,712,634,466 VET/ 55,454,734,800 VET
  • 24 Hour Volume: 30,031,386 USD
  • Market Cap Value: 268,936,569 USD
  • 7 Day high/low: 0.005461 USD / 0.004806 USD

VET to USD Price Comparison:

VeChain Price Prediction
VeChain Price Chart by TradingView

Yesterday, the highest value was seen at 00:55 UTC trading at $0.00514063. The value then dropped by 8.36% at 15:38 UTC on the same day when the trade value changed to $0.004710. The value then saw an escalation of 6.85% at 20:22 UTC on with the trading value of $0.005029. The value from then dropped by 5.89% today at 05:16 UTC as of now.

VeChain Price Prediction and Conclusion:

VET continues to trend in the bearish zone. However, whether it’s a good trend to follow or not is still a bigger question. However, users do like the trend of VET, and that’s the reason why they are still stuck with this currency. However, we all hope that VET must show a good surging soon. The resistance support level might help the users to avoid any losses in the bearish zone:

R3: 0.005296

R2: 0.005199

R1: 0.00504

Pivot Point: 0.004943

S1: 0.004784

S2: 0.004687

S3: 0.004528

By the end of 2019 approaching soon, let’s hope to see the touch down of $0.01 with good returns and profits for the users to enjoy!

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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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