VeChain started the year with a slight plunge. Within the end of the first week, the currency was trading around $0.0057. However, the currency has reversed the uptrend, and the VET prices started falling.
The current momentum is the result of the same. Yesterday, the coin was drowning, and now we can spot a substantial growth. The intraday looks promising and the traders might recover from yesterday’s loss.
VeChain Price Analysis
Yesterday, VeChain started dealing at $0.005571. The currency slipped to $0.00536 by 3.76%. There was an immediate improvement in the price, and the currency escalated to $0.00552 by 3%. Then, the VET coin price slipped slightly to $0.00544 and locked itself for a while. After that, the price dropped again and touched to $0.00531. The coin again locked at the same level. Then, VeChain price started improving and jumped to $0.00542 by a marginal hike of 1.68%. Later, the currency jumped to $0.00546. The closing hour brought the coin to $0.00542. The intraday movement in the VET coin reflected a drop of 2.50%.
Today, VeChain is indicated an upsurge of 3.39% value. The price counter touched $0.005616. The price slipped to $0.00542 by 3.39%. Further, the currency dropped to $0.00536 by 2.49%. Then the VET price improved slightly and reached $0.00555 by a 3.02% hike. At the time of writing, the currency price escalated to $0.00553 with upside momentum.
VeChain is speculated to violate the next resistance level at $0.00564, and in the upcoming days, it might touch the major resistance level at $0.00573. The traders interested in the coin are recommended to opt for long-term investment.