VeChain (VET) Falls 0.02%, Underperforms the Crypto Market Monday

Monday, March 07, 2022 06:39 PM | InvestorsObserver Analysts

VeChain (VET) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the crypto has fallen 1.99% to $0.04650895336.

InvestorsObserver is giving VeChain a 29 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 29, placing it in the bottom 29% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. 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 in a favorable position going forward. With support near $0.0450429807284052 and resistance at $0.0484831782856161. This positions VeChain with room to run before facing selling pressures.

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.