Is VeChain (VET) Heading the Right Direction Tuesday?

Tuesday, August 23, 2022 09:19 AM | InvestorsObserver Analysts

VeChain receives an average long-term technical score of 51 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. VET currently holds a superior long-term technical analysis score than 51% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving VeChain a 51 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on VeChain!

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Trading Analysis

VeChain's price is -$0.0013061 (-4.79%) below its 100-day moving average price of $0.027266725 as its price at the moment sits at $0.025960635. Additionally, VET is $0.0058426 (-54548.36%) higher than its 52-week low price of $0.020118002 while -$0.16155038 (-5319.18%) under its 52-week high of $0.187511012. The current trading price in relation to its long-term average along with its 52-week high and low, gives VET an average long-term technical score of 51. Long-term trading movement of VeChain suggest that investors are neutral on the coin at the moment. VeChain has a total market value of $1,882,435,430.09 with an high average daily volume of $525,269,989.77 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 $82,159,748.75 exchanged in total.

Summary

VET's historical trading over the past year gives it a an average long-term technical score of 51 as its price movement in that time has given investors reason to be neutral on the coin in the long-term. Click Here to get the full Report on VeChain (VET).