VeChain (VET), Low Volatility but Falling Monday: Is it Time to Cash Out?

Monday, January 03, 2022 02:45 PM | InvestorsObserver Analysts

VeChain (VET) has been relatively less volatile compared to the crypto market. So far Monday, the crypto has lost 0.36% to $0.08622488667.

InvestorsObserver is giving VeChain a 19 Volatility Rank. Find out what this means to you and get the rest of the rankings on VeChain!
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Low Volatility

InvestorsObserver gives VeChain a low volatility rank of 19, placing it in the bottom 19% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. VET's low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

VeChain price is in a favorable position going forward. With support set at $0.0842803411798913 and resistance set at $0.0880861051993805. This leaves VeChain with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.

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