VeChain News

VeChain Witnesses a Constant Drop in Past 24 Hours


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.

VeChain Price

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:

Resistance Levels:

R1: $0.003535, R2: $0.003616, R3: $0.003661

Support Levels:

S1: $0.003409, S2: $0.003364, S3: $0.003283

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