Price Analysis

VeChain (VET) Records 4.33% Hike Since Yesterday

VeChain recorded a flourishing day yesterday. The price movement had quite an effect on today’s opening too. However, the uptrend was short-lived as the price has dropped and now moving towards the immediate support level.

The traders interested in VET coin are waiting for an upsurge. The same might take some time to embark. The coin has given the desired result in the past. The traders are eyeing for a similar movement in the upcoming days too.

VeChain Price Prediction

Yesterday, VET coin started dealing at $0.005996. The price escalated to $0.006549 by 9.21%. The price of VeChain couldn’t hold at the same level and fell to $0.005556 by 16.49%. The price escalated to $0.006298 by 13.25%. The coin closed the day at $0.006390. The intraday movement in VET coin marked a progression of 6.52%. Today, the coin opened at $0.0063. The price jumped to $0.006599 by 3.28%. The price remained tight around the same but later dropped to $0.006257 from $0.006600 by 5.20%.

VeChain
VET Chart By TradingView

VeChain price is currently dealing at $0.006257. The coin seems to be sliding towards the immediate support level at $0.005967. The price movement in the other coins is also quite disturbing, hence the fall might take VeChain to the next support level.

Resistance LevelPriceSupport LevelPrice
R1$0.006588S1$0.005967
R2$0.006795S2$0.005553
R3$0.007209S3$0.005346

VeChain is usually recommended for short-term investors. However, the current scenario of the market is not favorable; hence we would suggest to stay put for some time to avoid any losses.

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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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