VeChain News

VeChain Seems to Have Lost the Track; Loses 7% Overnight

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  • VeChain loses 7.034% in the last one day to touch 0.0034 USD.
  • The next resistance for VET may come by 0.0037 USD.

VeChain loses 7.034% in the last one day and the value against USD has now fallen to 0.0034 USD. It has been through three price swings over the last 24 hours having a range between 0.0036 USD and 0.0033 USD.

VET Price Analysis:

The first variation of VET started at 00:07 UTC and over the next 8 hours and 6 minutes, it went as low as 0.00347041 USD. It was followed by a hike of 2.92% by 16:02 UTC. This swing added 0.0001 USD and placed the value at 0.00357161 USD. However, the value could not be kept at this level for very long. It soon fell to 0.00334385 USD after a 6.37% deduction by 00:29 UTC today.

VeChain has seen huge price fluctuations over the last seven days. The highest point for VET was 0.0038 USD on October 10 and from there VET started showing volatility. The current value seems to have recorded the lowest in the week until now.

VET Price Chart

VET’s current price trend is at 0.00342671 USD and its 50-day moving average is now at 0.00385139 USD. The current trend is 11.02% lower than the 50-day average. Similarly, it is 2.29% lower than its 20-day moving average that is now at 0.0035071 USD. The next resistance for VET is likely to come at 0.0037 USD.

Resistance and Support Levels-

R1-$0.0035, R2- $0.0037, R3- $0.0038

S1- $0.0033, S2- $0.0033, S3- $0.0031

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