VeChain (VET) Down 0.08% Tuesday: What's Next?

Tuesday, September 13, 2022 05:12 PM | InvestorsObserver Analysts

VeChain (VET) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has lost 7.86% to $0.02370571008.

InvestorsObserver is giving VeChain a 27 Volatility Rank. Find out what this means to you and get the rest of the rankings on VeChain!

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Moderately Volatile

InvestorsObserver gives VeChain a moderate volatility rank of 27, placing it in the bottom 27% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. VET's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

VeChain price is trading near resistance. With support around $0.0226920973552821 and resistance near $0.0238843876911757. This leaves VeChain with potential selling pressures ahead as it may be getting over extended.

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.