Looking at the one-month movement of the coin, VET was trading at $0.00462 on August 28, 2019. The price trend and the momentum were up surging then. Prices for the coin continued to rise despite the falls until the first week of September 2019. From September 5, 2019 till September 16, 2019 VET did not manage to reflect any major rise in the trading price. With couple of sharp rises, the price reached as high as $0.00448 on September 16, 2019. However, the coin was unable to maintain its efficiency at this level and price of VeChain fell as low as $0.003178, yesterday. While writing this analysis, VeChain was trading at $0.00349 after having traded as low as $0.00317.
VET to USD Price Analysis:
VeChain’s current trading price indicates a rise of 10% when compared to the yesterday’s trading price i.e. $0.00317820. However, if we look at the trend of the said time frame, we see that the coin had a steep fall on September 23, 2019 and trades below the baseline.
Looking at the present trend, we anticipate that the price for VET may continue to rise and it can be traded around $0.00349990 tomorrow.
We recommend to either purchase new coins or selling as per your discretion. Today, VET is expected to be traded in the range of $0.00349960 and $0.00349970. The CMF indicator points that the coin will rise upwards in short span of time and it is suggested to trade in VET from a long-term perspective.