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Price Analysis

VeChain Price Shows 6.55% Hike Since Yesterday

VeChain started taking up the high road from the last couple of days. If we go back in time, the currency will reflect massive suffering due to the market pressure. Well, as soon as, the uptrend embarked the market, VET coin started improving.

We are anticipating that the trend is going to last. Also, the coming period would bring a hugely beneficial opportunity for traders. If we look at yesterday’s price movement, VeChain was seen touching a high at 0.004281 USD. We are positive that VET coin will supersede all yesterday’s counters and set a new record.

VeChain Price Analysis and Forecast

Yesterday, VET coin began the day with a fall. The price slipped from $0.003875 to $0.003620 by 6.58%. Later, the recovery took the VeChain price to $0.003999 by 10.42% and further to $0.004509 by 12.76%. Well, immediately after touching the enormous level, VET price started dropping. The currency fell from $0.004484 to $0.003857 by 13.69% drop. The day ended with an intraday regression of 0.35% at $0.003857. Today, the beginning of the day felt a little drop in the price of 6.15%. VET price switched from $0.003857 to $0.003629. There was an immediate recovery in VET. The price went up to $0.004155 by 14.50%. VeChain is dealing at the same level since then.

VeChain Price
VeChain Chart by TradingView

The intraday trading in VET is looking good. The currency is a result-oriented investment and is speculated to turn, particularly favorable in the future. The market cap of VeChain is at $228,741,471 USD. The 24-hour volume is at $35,994,259. The return on investment in VeChain is at -72.58%.

The above counters affirm the speculations about VeChain. The currency is expected to close the year by crossing its 30-day high of $0.0049. We would recommend the traders to go for short-term investment in VeChain to book a colossal return in the future.

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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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