VeChain intraday price movement is reflecting a heavy fall. The currency is speculated to improve in the coming days as the current market condition is quite hasty. The same has caused a heavy pullback in VET because of which the price is spotted dropping. Yesterday, the coin was seen dealing at a high at $0.006227 and a low at $0.005660. The volume marked by VeChain was $97,871,594.
VeChain (VET) Price Analysis:
Yesterday, VeChain started dealing at $0.006419. The price began falling from the opening hour. The coin slipped to $0.0059099 and later to $0.005584 by 7.94% and 5.51%, respectively. There was a slight recovery in the VET coin price in the later hours as the currency recovered and touched $0.005996. The progression marked was 7.39%. Later, the coin slipped to $0.005612 by 6.42%.
The intraday movement in VET coin registered a loss of 12.71%. Today, the currency started the day at $0.005612. The price dropped to $0.005202 by 7.31% regression. There was a slight improvement in the coin that took VET coin price to $0.00555 by 6.36%. The price slipped again and is now at $0.0051.
VET coin is experiencing heavy pressure today. The price has already dropped below the next support level at $0.00531 by breaching the immediate support at $0.0055. There is a strong possibility for the coin to fall below the major support level.
VeChain is ideally recommended for long-term traders, but as of now, the current price trend is indicating that short-term investment will help to gain considerable returns.
|Resistance Level||Price||Support Level||Price|
|R1||$ 0.006093||S1||$ 0.005526|
|R2||$ 0.006444||S2||$ 0.00531|
|R3||$ 0.00666||S3||$ 0.004959|