Should You Buy VeChain (VET) Sunday?

Sunday, May 22, 2022 07:17 AM | InvestorsObserver Analysts

InvestorsObserver gives VeChain a strong short-term technical score of 72 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 72% 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 72 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

VET is currently $0.008135 (33.72%) above its 30-day low of $0.024121687 and -$0.031423 (-49.35%) below its 30-day high of $0.06367955. Additionally, VET is under its average price of $0.043008442 over the past month of trading with its current price of $0.032256435. Overall, the recent trading history of VeChain suggest that traders are currently bullish on the coin. VET has a relatively high market cap for a coin with a total market value of $2,074,591,259.03. 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 meanwhile is high with $1,446,444,055.45 worth of the coin traded over a typical 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. As of the past 24 hours, VET's volume is below its average with $154,513,599.00 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).