VeChain Price Analysis: VeChain (VET) On A Slight DIP Today

VeChain based Crypto Exchange; Oceanex Alpha App is launched on iOS! Users on iOS platform are already impressed with the layout and tweeting already about the same. This platform has invited users to be part of a number of contests along with an interactive community setup making the platform simple to understand, according to VET News.

Price Analysis of VeChain on 16th June 2019:

At 4:41 UTC time, the value of VET is trading at $0.00731. The remaining essentials are as follows:

Return of Investment -52.22%
Market Ranking 28
Circulating Supply 55,454,734,800 VET
Total Supply 86,712,634,466 VET
Market Cap 398,487,589 USD
24 Hour Volume 25,033,041 USD

There is certainly a dip on all the figures of VET.

VeChain Price Comparison:

Right now the trading value might bring some air of pull for traders. However, it won’t be permanent, but the trend seems to move below the baseline. The value is inked in the red zone.

VeChain Price Chart - 16 June

In the last 30 days data, the highest was seen on 30th May with value trading at $0.008499. The value now has dropped by -14.75%. The lowest was seen after 4 days on 4th June when VET Price was trading at $0.006846. The value now has increased by 5.8% only.

The trend as of now also doesn’t seem to amuse the followers now. However, it might change with some new announcements and updates soon.

VET Price Prediction and Conclusion:

Right now, VET is showing a bearish trend which means users are advised to bid on the ‘Buy’ side. However, you might want to consider the resistance support between $0.00678 and $0.00792. But be careful and keep watching the trend closely.

For now, the dark air has surrounded the coin, but the condition might change soon enough! And as of now, if you are new to the VeChain trend, you might either want to bid on ‘buy’ or just watch the trend for a while.

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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