Price Analysis

VeChain (VET) Price Analysis: VET Prices can Soon Touch $0.009

VeChain (VET) prices are pushing the coin momentum towards the recovery mode. On 8th June 2019, the VeChain price reached a high at $0.0079, but soon dropped as it couldn’t hold itself for a long time.

Today, the price of VeChain started with a bearish trend but has now fuelled the bull and running towards the price recovery. The intraday investors can draw some bills in the current situation, but it would contain high risk as its volatile enough.

VeChain (VET) Company’s Thor is on the right path and is likely to give good results in the future. In such a case, VeChain will give fruitful gains for the investors.

VeChain (VET) Current Market Statistics:

 

Summary of Statistics:

  • The price of VeChain (VET) is USD 0.007542.
  • The ROI stands negative at 49.86%.
  • The circulating supply is marked around 55,454,734,800 VET.
  • The 24hr volume of VeChain (VET) is $20,616,693 USD.
  • The market capitalization is noted at USD 418,237,078.

As per the Trading View chart of 9th June 2019, at 06:34 UTC, VeChain price is indicating a resistance level at $0.0082 and the support level at $0.0068. The said levels are maintained from 17th May 2019 till now. It is assumed that VeChain will continue with the same momentum for some time.

However, in the last month i.e., May 2019, the chart is indicating a graph which has two figures of Two-tops. One double top value is shown on 16th May 2019, and the other double top figure occurred between 27th and 30th May. The double top or Two –tops figure is an indication of the upcoming bullish trend, and with VeChain the chances seem escalated.

VeChain Price Prediction-

The chart analysis is pointing towards a hike, which could be around $0.009 in the coming months. In the next two to five years, Vechain prices can show further more escalations along the graph.

Conclusion-

VeChain could prove itself as the best investment today. We believe that VeChain (VET) could be excellent for both short-term and long-term investment.

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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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