Price Analysis

VeChain Price Analysis: VeChain (VET) Has Dropped By More Than 10% In Last 5 Days

Vechain has made its users twist their heads towards the VET token trade. This currency has the potential to fetch long-term returns and considering the league; they are acquiring attention from all over. Let’s see what the price trends have to offer today.

Current Statistics of VeChain:

VeChain is currently trading at $0.005498 at 05:27 UTC as on 31st July 2019. The other essential variables are as below:

VeChain Price Prediction
VeChain Price Chart by TradingView
  • Market Ranking: 32
  • Return on Investment: -63.08%
  • Total supply/ Circulating Supply: 86,712,634,466 VET/ 55,454,734,800 VET
  • 24 Hour Volume: 24,899,641 USD
  • Market Cap Value: 307,942,352 USD
  • 7 Day high/ low: 0.006097 USD/ 0.005458 USD

VET to USD Price Comparison:

Considering the data from the past 5 days, the bearish value was seen on 26th July at 03:35 UTC, trading at $0.005755. The coin immediately surged by 6.46% on the same day at 20:45 UTC, where the trading value changed to $0.006127. Later, the coin value dropped by 8.58% on 27Th July at 17:40 UTC time trading at $0.005601.

On 28th July at 19:05 UTC, the value saw an upsurge by 4.10% trading at $0.005827. This hike was followed by a drop of 6.87% yesterday at 11:05 UTC, and the trading value changed to $0.005428. The current trading value is slightly increased by 1.26% from then.

VeChain Price Prediction and Conclusion:

VeChain has been recording a colossal growth. Nonetheless, it is inclining in the bearish zone, yet this may be a perfect time for inviting potential investors in the system. Clutching the situations until it slides back to the bullish zone for fetching great returns.

The calculated resistance level and support level are as follows:

  • R3: 0.005805
  • R2: 0.005719
  • R1: 0.005631
  • S1: 0.005457
  • S2: 0.005371
  • S3: 0.005283

VeChain holds the huge haul benefit potential. Therefore, by 2019 end, the coin is expected to trade around $0.01.

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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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