VeChain seems to be a concern now since the traders aren’t benefiting from its recent movements. Let’s see what it has to offer today.
VeChain Price Analysis:
VET is seen trading at $0.003365 around 05:24 UTC as on October 2, 2019.
Considering the data statistics from yesterday, VET was initially seen trading below the baseline at $0.003373 at 01:28 UTC. The value from then increased by 8.10% at 03:14 UTC, seen trading at $0.003646. The value from then dropped by 7.17% to the lowest peak at 19:14 UTC when the value was seen trading at $0.003384.
The value slightly escalated by 4.36% at 21:07 UTC, when the value was realized trading at $0.003532. The value from then dropped by 4.74% as of now.
VeChain value is trading in the strong bearish zone. So, if one wishes to invest in the VET network, this might be a good time to enter with a strong portfolio. However, considering the short-term movement, it seems that the value might fight further down in the coming few days and weeks. So, intra-day trading might be a wiser option here.
The resistance and support levels are calculated as follows:
R1: $0.003535, R2: $0.003616, R3: $0.003661
S1: $0.003409, S2: $0.003364, S3: $0.003283