Price Analysis

VeChain Price Analysis: VeChain (VET) Price Dropped By More Than 10% In The Last 3 Days!

Today is the official announcement of the token listing list by OceanEx, a digital asset exchange. VeChain is hoped to be the part of the same. Well, if that hits the realization, users might be able to grab a better trading opportunity with VET coin.

Current Statistics of VeChain:

VET price is currently trading at $0.00507830 at 02:22 UTC on 10th August 2019. The other important factors are as follows:

  • Return on Investment: -66.79%
  • Total supply/Circulating Supply: 86,712,634,466 VET/ 55,454,734,800 VET
  • 24 Hour Volume: 27,419,440 USD
  • Market Cap: 276,999,765 USD
  • 7 Day high/low: 0.005547 USD / 0.004790 USD

VET to USD Price Comparison:

VeChain Price Prediction
VeChain Price Chart by TradingView

VeChain price is initially trading above the baseline on 5th August at 01:35 UTC trading at $0.005480. The value from then dropped by 13.35% on 6th August at 22:55 UTC trading value changed to $0.00474874. The value increased by 19.48% on 7th August at 07:40 UTC.

VET price dropped again by 16.44% on 8th August at 10:55 UTC with the trading value of $0.004736. The value slightly increased from then by 8.86% on the same day at 21:25 UTC trading at $0.005151. The value was dropped again by 5.88% on 9th August at 22:55 UTC with the trading value changed to $0.004848, which is now slightly increased as of today.

VeChain Price Prediction and Conclusion:

VET is trending under the bearish nature as of now. But the new users are surely enjoying this opportunity to be part of VeChain. We might be able to see an upsurge quite soon! By then, the safer bid is a better option without losing on the investment, which is calculated under the resistance and support levels:

Resistance Levels:

R3: 0.005198

R2: 0.005116

R1: 0.005027

Support Levels:

S1: 0.004856

S2: 0.004774

S3: 0.004685

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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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