Price Analysis

VeChain (VET) Registers Tremendous Upsurge; Finds Room to Grow

  • VeChain (VET) price touches 7-day high at $0.0077
  • The escalation indicates prosperous day for intraday traders

VeChain price movement is reflecting heavy fluctuation. The sudden jump in the price has taken the VET coin to a whole new level, which couldn’t be imagined a week ago. On November 26, 2019, the price was dealing at $0.0058 with a market cap of 353,848,583, and today it is at $0.0071 with a market of $418,525,863. The same trend might help the traders to recover from the losses that happened quite recently.

VeChain Price Analysis:

Yesterday, VeChain started dealing at $0.006048. The price kept trading around the same level for some hours. The coin escalated to $0.00689 by 18.73%. The VET price dropped to $0.0065 by 4.95%. Further, the coin price surged to $0.007085 by 8.09% and closed the day. The intraday movement in the coin reflected a progression of 17.14%. Today, VeChain started the day at $0.00708 and went up to $0.00775 by 9.43%. Recently, the price started dropping and touched $0.007389 by 6.20%.

Vechain (VET) Price Chart
VET Price Chart by TradingView

VeChain is registering a slight fall. The current price of the coin is $0.007389. However, the coin jumped to $0.007752 by breaching the immediate resistance level at $0.0076. We are positive that the VET coin price would surge again in the later hours.

Resistance Level Price
R1$0.00761
R2$0.008092
R3$0.008985
Support Level Price
S1$0.006235
S2$0.005342
S3$0.00486

The coin is speculated to give better results with time. The traders interested in VeChain are recommended to opt for long-term investment. The same would give high returns to the traders.

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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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