Price Analysis

VeChain (VET) Price Descends by 3% Over the Past 24 Hours

VeChain price movement has been quite disappointing from the beginning of the month. The same is due to heavy pressure in the market. During the time of writing this piece, the currency was at $0.005950, with the market cap of $329,982,872. VET coin is speculated to remain at the same pace and might bring loss to the intraday traders.

VeChain Price Prediction

VeChain News
VET Chart By TradingView

Yesterday, VeChain was started the day with an escalation. The price surged to $0.0063 from $0.0062 by 1.23%. Further, the VET price slipped to $0.00614 from $0.006296 by 2.44%. Further, the price escalated to $0.006267 from $0.006118 by 2.35%. The coin couldn’t hold itself and fell to $0.006122 by 2.32%. There was a tremendous recovery in the later hours to $0.006385 by 4.30%. VeChain price slipped to $0.006080 by 4.79%. The closing hours took the price to $0.00626 by 3.10%. The intraday movement in the VET coin reflected an overall progression of 0.92%. Today, the currency started the day with a tremendous fall. The price counters moved from $0.006268 to $0.005802. The price improved and touched $0.006006 by 3.51%. VeChain price fell again and touched $0.00585.

VET coin is currently dealing at $0.00583. The price has already breached the immediate support level at $0.00592 and moving ahead to the major support level of $0.00580. The interested traders are suggested to opt for long-term investment to gain considerable profit. The specified period would bring the desired result to the investors.

Resistance Level Price
R1$0.006299
R2$0.006539
R3$0.006666
Support Level Price
S1$0.005932
S2$0.005805
S3$0.005565
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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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