VeChain (VET) Gains 3.52% to Recuperate Loss

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vechain price Analysis
vechain price Analysis

VeChain (VET) Gains 3.52% to Recuperate Loss

  • VET coin’s 20 days average and 50 days average stand at 0.0075285 USD and 0.00752180 USD.
  • The first price shift started at 1:07 UTC when the VET coin opened the day at 0.00729779 USD.
  • The current price is 0.35% and 0.44% more than the 20 days and 50 days moving averages respectively at 0.00755521 USD.

The opening of this week addressed a significant growth in the VeChain’s price trend. During the last 24 hours, VET price has gained 3.52% as a result of three major price variations ranging between 0.00774 USD and 0.007000 USD. It might find its next resistance at $0.007894.

VeChain Price Analysis

The first price shift started at 1:07 UTC when the VET coin opened the day at 0.00729779 USD. Subsequently, it lost 5.45% value to touch 0.00707726 USD over the next 11 hours and 9 minutes, the lowest of the day. From which, a raise was observed, when it added 9.35% in the next 11 hours and 45 minutes. The VeChain price was at 0.00774098 USD, at the opening of today from where it faced a fall and lost 3.57% to reach 0.00746838 USD.

Meanwhile, the Market Cap of VeChain observed a collapse from 428.033 million November 17 to 420.54 million USD today. 

VET coin’s 20 days average and 50 days average stand at 0.0075285 USD and 0.00752180 USD. The current price is 0.35% and 0.44% more than the 20 days and 50 days moving averages respectively at 0.00755521 USD. The same indicates VeChain’s tremendous growth in the past few days and it is forecasted to have its next resistance around 0.007894 USD.

VeChain (VET) Resistance and Support Levels
1st Resistance $0.007894333
2nd Resistance $0.008069667
3rd Resistance $0.008420333
1st Support $0.007368333
2nd Support $0.007017667
3rd Support $0.006842333

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