VeChain News

VeChain Might Turn To Short-Term Upside Recovery After Huge Trade Losses

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VET is going to be seen attending The Capital, a conference hosted by Coinmarketcap, on November 12 & 13, 2019, in Singapore. The major question that lies is will that affect the capitalization of VET?

Considering the 24-hour movement of VeChain, the price of VET was seen trading at the highest point of $0.04118, yesterday at 00:11 UTC. The value then saw a drop of 5.74% from then and the coin was seen trading at $0.003881. The next highest point was seen around 20:44 UTC, when the value escalated by 5.97% trading at $0.004114.

Today, VET dropped again by 6.59%, which was the lowest touch point as of now with the trading value of $0.003843. The current value has been increased by 4.05% from the latter price mark.

VeChain is more inclined towards the lower price range presently. New or existing investors of VET might want to consider this as an ideal time to invest in VET, in order to earn returns in the near future. Speaking of short-term movement, it might help the investors to earn incentives with intra-day trading, if they hit the trade decision wisely on the lowest and highest point of the valuation.

On the other hand, VeChain can be seen devaluating right now. Users must hold patience for some more time to witness positive escalations in the value.

VET Price Chart

Meanwhile, to hold the better position in the trade, the calculated resistance and support levels are as follows

Resistance Levels:

R1: $0.004026, R2: $0.004126, R3: 0.004175

Support Levels:

S1: $0.003877, S2: $0.003828, S3: $0.003728

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