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- 1 VeChain price prediction showcases the struggle of VET crypto at the lowest.
- 2 VET crypto is trading below 20, 50, 100 and 200-days daily moving averages.
- 3 VeChain cryptocurrency slumped around 39.66% in a year.
VeChain price prediction indicates the struggle of VET crypto at the lowest and investors need to know certain facts. VET crypto has been declining since July 2023 and is at its lowest. Now VET crypto awaits recovery over the daily time frame chart. Meanwhile, VeChain needs to attract buyers in order to surge from the lowest level.
VeChain crypto has been trying to recover back from the lowest level but it looks like sellers are still trying to pull VET down. Meanwhile, volume change is under the influence of sellers and buyers must snatch it away. Investors in VeChain cryptocurrency need to observe the price action of VET crypto closely in order to predict the recovery phase of VET.
VeChain price was $0.01581400 and has lost around 0.48% of its market capitalization intraday. Trading volume decreased by 1.17% during the intraday trading session. This demonstrates that sellers are still trying to pull VET crypto downwards. Volume to market cap ratio was at 2.17%.
Will VeChain Price Bounce Back?
VeChain price prediction indicates the fall of VET crypto towards the lowest level over the daily time frame chart. Meanwhile, VET crypto needs to attract buyers in order to counter the downtrend momentum. However, VET crypto has been struggling to sustain and is currently under short sellers’ clutch. Investors in VeChain cryptocurrency need to wait until the VET crypto initiates its recovery from the lowest level.
VeChain price has gained around 0.90% in a week but lost around 14.77% in a month. VET crypto slipped around 18.01% in the last three months and 41.31% in the last six months. Nevertheless, VET cryptocurrency managed to gain slightly around 0.07% year to date.
Technical indicators suggest VeChain price is in a downtrend. Relative strength index (RSI) and moving average convergence divergence (MACD) both confirm the downfall of VET crypto.
RSI was at 34 and is trying to remain above the oversold territory. The MACD line is below the signal line in the negative zone. Investors need to wait for any directional change over the daily time frame chart.
Summary
VeChain price prediction indicates the struggle of VET crypto at the lowest and investors need to know certain facts. Meanwhile, volume change is under the influence of sellers and buyers must snatch it away. Nevertheless, VET cryptocurrency managed to gain slightly around 0.07% year to date. Investors in VeChain cryptocurrency need to wait for any directional change over the daily time frame chart.
Technical Levels
- Support Levels: $0.01537563 and $0.01453140
- Resistance Levels: $0.01658448 and $0.01772039
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
