VeChain News

VeChain Initiates Recovery by Gaining 6.04% Overnight

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  • VET gains 6.04% over the last 24 hours to touch 0.0034 USD.
  • The next resistance may come at 0.0036 USD.

VET has reversed its trend and on the last day, it gained 6.04% to touch 0.0034 USD. It has shown three major price swings in this period and the range of the swings have been between 0.0032 USD and 0.0034 USD.

VET Price Analysis

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

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

VeChain Price

VeChain’s 20-day average is now at 0.00350408 USD and its 50-day average is 0.00382295 USD. The current price of VeChain is 0.00347231 USD and it is 9.17% and 0.9% less than the 50-day average and 20-day average respectively. The next resistance for VET may come at 0.0036 USD.

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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