Price Analysis

Vechain Price Analysis: VET Dips By A Significant Value Since Yesterday

VeChain recently released VechainThor Wallet SDK with functional and leverage interfaces. It is expected that it might attract new users to the network.

Current statistics of VeChain:

VET is recently seen trading at $0.005603 at 07:51 UTC as on 30th July 2019. The other calculated factors in the chart are as follows:

  • Market Ranking: 32
  • Return on Investment: -63.06%
  • Total supply/Circulating Supply: 86,712,634,466 VET/ 55,454,734,800 VET
  • 24 Hour Volume: 25,469,617 USD
  • Market Cap Value: 308,132,177 USD
  • 7 Day high/low: 0.006097 USD/ 0.005458 USD

VET to USD Price Comparison:

VeChain Price Prediction
VeChain Price Chart by TradingView

The highest of yesterday was seen at 02:00 UTC when the coin was trading at $0.0058065. The value dropped by 5.62% at 11:40 UTC with the trading value of $0.005481. The coin’s trading value escalated by 4.48% on 15:22 UTC, that led VET to trade at $0.005725. The value from then dropped by 4.83% today at 02:53 UTC, with the coin trading at the price of $0.005448. The value from then increased by 3.1% at 06:45 UTC, trading at $0.005619. The current trading price is 2% spiked from then.

VeChain Price Prediction and Conclusion:

VeChain is featured massively on all the media platforms currently. However, it is trending in the bearish zone, but this might be an ideal time for welcoming potential investors in the network. Holding on to the positions till it surges back to the bullish zone, is what investors are expected to do as of now.

The resistance level and support level might help the traders to trade with notch points:

  • R3: 0.005918
  • R2: 0.005821
  • R1: 0.005711
  • S1: 0.005504
  • S2: 0.005407
  • S3: 0.005297

VeChain holds long-term profit potential. And thus, it is expected that the coin may 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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