Price Analysis

VeChain (VET) Registers 11% Fall Over the Last 24 Hours

The VeChain price movement has been quite disappointing lately. The fall in the price is under heavy market pressure. The same has brought big forces, Bitcoin, Ethereum, Ripple, etc to lower level than expected. The improvement in VET coin is anticipated to take place in the coming hours.

Yesterday, the price was seen touching a high at $0.007537 and a low at $0.006682. The volume was at $116,167,889.

VeChain Price Analysis

Yesterday, VeChain started dealing at $0.007225. The price started falling from the beginning of the day and touched $0.007044 and then $0.006678 by registering a regression of 2.51% and 5.20%, respectively. The uptrend in the VET coin took the price up to $0.007347 by 9.9%. The price slipped to $0.006811 by 7.45%. The intraday movement in the VET price was 5.69%. Today, the day began with a heavy fall. The price counters changed from $0.0068 to $0.00593 by 12.87%. Recently, VeChain price has started recovering. The coin is at $0.00642, with 8.17% improvement.

VeChain Price
VET Chart By TradingView

The VET coin started the day with a heavy fall. The price crossed the immediate support level at $0.006576 and later, the next support level at $0.006202. Fortunately, the recovery started, and now the coin is at $0.0064. The growth in the price of VeChain is speculated to last, and the same can bring the coin to the immediate resistance level of $0.0074 soon.

Resistance LevelPrice
R1$0.007431
R2$0.007912
R3$0.008286
Support LevelPrice
S1$0.006576
S2$0.006202
S3$0.005721

VeChain price movement is currently quite hasty. The coin id usually suggested for short-term traders, but for now, we would recommend the traders to stay put. The current period is not considered the best time for 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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