Is VeChain (VET) Trending Lower or Higher Saturday?

Saturday, August 27, 2022 11:28 AM | InvestorsObserver Analysts

VeChain receives a strong short-term technical ranking of 75 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. VET has a superior recent technical analysis than 75% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving VeChain a 75 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 $0.001501 (6.56%) higher than its 30-day low price of $0.022895349 while also -$0.009424 (-27.86%) lower than its high of $0.03382013 from the past month of trading. Meanwhile, VET's current price of $0.024396213 is under its average price of $0.028848670 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of VeChain suggest that traders are currently bullish on the coin. VET has a high market cap compared to the majority of coins with a total market value of $1,768,997,367.23. 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 $550,754,697.80 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 $79,704,442.79 exchanged.

Summary

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