Is VeChain (VET) Trending Lower or Higher Monday?

Monday, August 01, 2022 06:44 PM | InvestorsObserver Analysts

InvestorsObserver gives VeChain an average short-term technical score of 35 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. VET has currently traded better than 35% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving VeChain a 35 Short-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 is $0.006388 (30.61%) above its 30-day low of $0.020870488 while -$0.001340 (-4.68%) below its 30-day high of $0.02859841. In addition, VET's current price of $0.027258764 is above its 30-day moving average price of $0.024100767, leading to an average short-term technical score. Overall the recent trading history of VeChain suggest that investors are neutral on the coin at the moment. VET has a high market cap compared to the majority of coins with a total market value of $1,976,564,219.27. VeChain's market value is relatively high since the largest 100 cryptos have a market cap above $1 billion and VET meets that criteria. VeChain's average volume is high as $643,986,722.76 worth of the coin is typically traded over a 24 hour period. The cryptos volume is relatively high due to the most traded 100 cryptos typically having $100 million worth of the crypto traded over a 24 hour period. Over the past 24 hours VET's volume is below its average with $98,113,127.11 exchanged.

Summary

VeChain's trading over the past 30 days leads to its an average short-term technical score due to recent price movement suggesting more neutral signals for traders on the coin in the near future. Click Here to get the full Report on VeChain (VET).