Price Analysis

VeChain (VET) Adds 3.52% Overnight to Advance Its Recovery

eToro
  • VET coin gains 3.52% in the last 24 hours to touch $0.0075
  • It may find the next resistance at $0.007894

VeChain’s price trend has witnessed a series of strength at the opening of this week. Over the last 24 hours, with three major price variations, VET price has gained 3.52%. The three price swings are in the range between 0.00774 USD and 0.007077 USD.

VeChain Price Analysis

VET coin opened the day at 0.00729779 USD, and its first price shift started at 01:07 UTC. Over the next 11 hours and 9 minutes, it lost 5.45% value to touch 0.00707726 USD, the lowest for the day. From there, it started gaining, and in the next 11 hours and 45 minutes, it added a whopping 9.35%. At the opening of today, VeChain price was at 0.00774098 USD, the highest of the day. From there, VET price faced a slump and lost 3.57% to reach 0.00746838 USD.

eToro Crypto
VeChain Price
VET Chart By TradingView

On the other hand, the market cap of VeChain has witnessed a slump over the last day. It was around 428.033 million as of November 17, and today it has reached as low as 420.54 million USD.

VET coin’s 20 days average stands at 0.00752855 USD, and it’s 50 days average is now at 0.00752180 USD. The current price at 0.00755521 USD is 0.35% and 0.44% more than the 20 days and 50 days moving averages, respectively. It shows that VeChain has been on fire for the past few days and we predict it to have its next resistance around 0.007894 USD.

VeChain (VET) Resistance and Support Levels
1st Resistance $0.007894333
2nd Resistance $0.008069667
3rd Resistance $0.008420333
1st Support $0.007368333
2nd Support $0.007017667
3rd Support $0.006842333

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.

Related Articles

Back to top button