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VeChain (VET) has a Bearish Sentiment Score, is Falling, and Underperforming the Crypto Market Tuesday: What's Next?

Tuesday, September 20, 2022 06:34 PM | InvestorsObserver Analysts
VeChain (VET) has a Bearish Sentiment Score, is Falling, and Underperforming the Crypto Market Tuesday: What's Next?

VeChain (VET) gets a bearish rating from InvestorsObserver Tuesday. The crypto is down 0.53% to $0.02270103332 while the broader crypto market is down 2.07%.

Sentiment Score - ,
VeChain has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on VeChain!

Bearish

Over the last five days, VeChain has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of VeChain over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

VeChain is currently trading near its midpoint for the past five-days. The crypto is 6.79% off its five-day high and is 3.86% higher than its five-day low of $0.0218569096177816.

VeChain price is comfortably positioned between support and resistance. With support set around $0.0221235057019046 and resistance at $0.0232529187254956, has some room to run before facing resistance.

VeChain has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

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 use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on VeChain

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