Price Analysis

VeChain (VET) Upsurge Reflects 10% Hike Over the Last 24 Hours

VeChain is trading with an uptrend since yesterday. The astounding improvement in the price was long-awaited by the traders. The upsurge in the VET coin has spike hope among the traders for a better closing of the year in VeChain cryptocurrency.

If we look at yesterday’s price movement, the coin touched a high at $0.006179 and a low at $0.005480. The coin seems to breach all yesterday’s high counters today.

VeChain Price Prediction

VeChain Price
VET/USD Chart By TradingView

Yesterday, VeChain coin started trading at $0.005954. The price slipped to $0.005401 by 9.24%. The coin locked itself at the same level for some time. However, the VET price escalated to $0.005940 from $0.0054 by 7.34%. Then, the price slipped again to $0.0054 by 8.61%. There was an improvement in the currency that took VeChain price to $0.006004 by 10.11%. After this hike, the currency again held the position tightly at the same level. Then, the VET coin price moved to $0.0069993 by a massive hike of 16.84%. The closing hour brought the price to $0.006140. The intraday movement in the currency reflected a 3.24% progression in the price. Today, VeChain started with a fluctuating move and the price traded between $0.0061 and $0.0064.

Recently, VeChain shows a slight fall in the price. A few hours ago, VeChain was dealing above the immediate resistance level at $0.0064. And now, the price is likely to fall, but as per the current momentum, the coin may trade around $0.062 in the near-term.

Resistance LevelPrice
R1$0.006228
R2$0.006553
R3$0.006927
Support LevelPrice
S1$0.005529
S2$0.005155
S3$0.00483

VeChain is a high potential coin, and it is recommended to opt for the long-term investment plan as it would bring colossal profit 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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