Is VeChain (VET) Trending Lower or Higher Thursday?

Thursday, February 24, 2022 05:12 PM | InvestorsObserver Analysts

InvestorsObserver gives VeChain an average long-term technical score of 46 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. VET at this time has a superior long-term technical analysis score than 46% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

InvestorsObserver is giving VeChain a 46 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on VeChain!

Trading Analysis

The current trading price of $0.044660905 for VET is -$0.0376838 (-45.76%) below the coins 100-day moving average of $0.082344735. VET meanwhile is $0.0080999 (-29964.52%) above its 52-week low of $0.036561031 and -$0.23355519 (-3578.28%) under its 52-week high price of $0.278216094. VeChain's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 46. The price movement and range of VET suggest that investors are bearish on the coin at this time. VeChain has a total market value of $2,872,391,894.87 with an high average daily volume of $4,453,759,304.23 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, VET's volume is below its average with $581,343,670.11 exchanged in total.

Summary

Trading patterns over the last year for VeChain leads to the coin's an average long-term technical score of 46 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the coin. Click Here to get the full Report on VeChain (VET).

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