Price Analysis

VeChain (VET) Rallies 7% During Intraday Trading

  • VeChain reflects uptrend amid heavy market pressure
  • VET coin might breach the immediate resistance soon

VeChain is indicating upside movement from the last couple of days. The same has taken the traders by surprise as the rest of the market is in heavy chaos. Yesterday, the coin was seen dealing at a high of $0.005797and a low of $0.005110.

VeChain Price Prediction:

Yesterday, VET coin was dealing at $0.005079. The price escalated in the later hours and touched $0.005485 by 7.99%. After a little while, the price again surged and touched to $0.005538 from $0.005297 by 4.55%. Further, the VeChain price went up again to $0.005789 from $0.005422 by 6.75%. The overall intraday escalation in the price is marked as 13.30%.

Today, the currency started the day with a slight escalation. The counters moved from $0.005789 to $0.005866 by 1.33%. Then, the price slipped to $0.005352 by 8.76%. Recently, VeChain price moved up again. The currency touched $0.005664 by 5.84%.

VET Price Chart
VET Chart By TradingView

The current price of VeChain is at $0.005658. The currency is spotted moving towards the immediate resistance level. The escalation in VET price might violate the next resistance level too. The coin has reflected great potential lately. We are speculating that the coin would give a great result in the future.

Resistance LevelPrice
R1$0.005989
R2$0.006236
R3$0.006676
Support LevelPrice
S1$0.005302
S2$0.004862
S3$0.004615

VeChain is anticipated to give flourishing results in the upcoming days. The coin is best suited for long-term traders. The short-term period might not give the desired result.`

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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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