VeChain (VET) Falls 0.05%, Underperforms the Crypto Market Saturday

Saturday, January 08, 2022 04:46 PM | InvestorsObserver Analysts

VeChain (VET) has been relatively less volatile compared to the crypto market. So far Saturday, the crypto has fallen 4.89% to $0.07614820034.

InvestorsObserver is giving VeChain a 19 Volatility Rank. Find out what this means to you and get the rest of the rankings on VeChain!

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Low Volatility

InvestorsObserver gives VeChain a low volatility rank of 19, placing it in the bottom 19% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. VET's low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

VeChain price is favorably positioned going forward. With support around $0.0718948759263279 and resistance set at $0.0780674062793972. 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.