Price Analysis

VeChain Stands Out in the Market; VET Makes an Exceptional 16.5% Growth

  • VeChain price has been up by 16.5% in the last 24 hours
  • It may find the next halt at 0.0083 USD

VET coin seems to have found the jackpot or the path to become one of the super leagues. Over the last 24 hours, it has gained a whopping 16.5%, and the price has surged to 0.007295 USD from 0.006225 USD. It has been through three major price variations.

VeChain Price Analysis

VET coin opened the day at 0.00622554 USD, and over the next 13 and a half hours, it went on adding 12.45% to reach 0.00700082 USD. The next variation happened between 14:20 UTC and 23:07 UTC, and in these 8 hours and 47 minutes, VeChain gained 11.65% value to touch 0.00753063 USD, the highest for the day. The last variation happened by 02:02 UTC, and this is the only time when VET price showed weakness and lost 5% to reach 0.00714856 USD.

VeChain Price
VET Chart By TradingView

However, VeChain’s market cap has failed to replicate the outstanding growth of the coin’s price against USD. Between November 14 and 15, the market cap has been down to 404.696 million USD from 407.518 million USD.

VET coin’s 20 days average stands at 0.007295 USD, and it’s 50 days average is now at 0.007239 USD. The next halt may fall at 0.0083 USD for VeChain.

VeChain (VET)Resistance and Support Levels
1st Resistance$0.007863
2nd Resistance$0.008377
3rd Resistance$0.009191
1st Support$0.006535
2nd Support$0.005721
3rd Support$0.005207
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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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