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VeChain Price Analysis: VET/USD Bulls Strugling to Recover

Current Status of VeChain: Currently, the currency is trading at the value of $0.003806 and its value is increasing by 2.23%. The market capitalization of the currency is $211,077,564 and the 24-hour volume is $40,201,041. The circulating supply of the currency is 55,454,734,800 VET and the ROI of the currency is -74.69%.

VeChain is on the path of bullish recovery and there is some exciting news of the cryptocurrency followers as well. The crypto VeChain will be one to start the registration entry for the “BUILDer Assembly Event”. The event will be starting from 1st November 2019 and the everyone in the cryptocurrency community is looking forward to this event. The experts think that the followers of the currency should not miss taking part in the event. The announcement of the event was done by the VeChain Foundation on their Twitter account.

VeChain Price Analysis: The currency has been through ups and downs in the market. The currency was trading on the value of $0.003542 at 20:10 UTC on 4th October and unfortunate the currency decreased by 7.63%. This decrease in the value leads the currency to reach around the value of $0.003272. On 8th October, the currency’s value increasing by 11.99% and traded on the value of $0.003665 at 02:15 UTC. However, the currency’s value decreased after some time by 5.57%. But today, it is again trading along with bulls close the value of $0.0038.

VET Price Forecast: Under the bearish pressure in the market the value of the currency’s also trending below and it also faced the bearish correction like other important altcoins. However, today the currency is showing a clear buy indicator which means bulls rally is on. The moving averages and oscillators are showing bullish signal. The RSI is around 50 level and the MACD is in the buy region.

The main support levels of the pair VET/USD are $0.003543, $0.003607 and $0.003717 and the main resistance levels of the currency are $0.003872, $0.003961 and $0.004065.

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About Arushi Dubey

Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

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