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VeChain (VET) Falls 0.06%, Underperforms the Crypto Market Sunday

Sunday, September 18, 2022 06:10 PM | InvestorsObserver Analysts
VeChain (VET) Falls 0.06%, Underperforms the Crypto Market Sunday

VeChain (VET) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has declined 6.32% to $0.02264240459.

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

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 tracks meaning that one day won't make or break its rank. VET's moderate volatility reading is coupled 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 at $0.0216607446497401 and resistance set at $0.0226430999761542. 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.

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