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VeChain Initiates Recovery by Gaining 6.04% Overnight

Written byMaxwell Mutuma
Edited by Niharika Deshpande
October 18, 2019
in Cryptocurrency News
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  • 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.

VET Price Chart Downtrend Analysis

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.

VeChain (VET) Resistance and Support Levels
1st Resistance $0.003570667
2nd Resistance $0.003688333
3rd Resistance $0.003801667
1st Support Level $0.003339667
2nd Support Level $0.003226333
3rd Support Level $0.003108667
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Maxwell Mutuma

Maxwell Mutuma

Maxwell Mutuma is a crypto journalist at NameCoinNews, with over five years of experience in digital media and Web3 reporting. Since turning his focus to crypto in 2020, he has covered articles around blockchain infrastructure, DeFi protocols, exchange developments, and the broader decentralization movement. Maxwell's work is driven by a long-held conviction that decentralised technology represents a genuinely transformative force. He brings that perspective to his coverage of on-chain developments, regulatory shifts, and the global adoption of Bitcoin and digital assets.

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