VeChain Initiates Recovery by Gaining 6.04% Overnight

• VET gains 6.04% in last 24 hours to touch $0.0034 
• The immediate resistance might be at $0.0036 

VET has reversed its trend and on the last day, it gained 6.04% to touch $0.0034. It has undergone three major price fluctuations between $0.0032 and $0.0034.

VeChain (VET) Struggles Near $0.00347

The VET coin initiated trading at $0.00327434 and the first swing added 6.24% to the value and pushed it to $0.00347870 by 10:22 UTC. It was followed by a deduction of 2.97% and it cost Vechain $0.0001 and brought the price to $0.00337628. Later, between 20:41 & 04:19 UTC, the last swing added $0.00009 and reached $0.00346979.

Despite the increase in the value, the market cap of VeChain has shown a substantial decline. Between October 17 and 18, the market cap has declined to 190.85 million USD from 191.5 million USD.

The 20-day MA is now at $0.00350408 and the 50-day MA is $0.00382295. The current price of VET coin is $0.00347231 and it is 9.17% and 0.9% less than the 50-day & 20-day MAs, respectively. Moreover, check out our Vechain Forecast to know more about the prediction of the coin by experts.