VeChain (VET): How Does the Chart Look Monday?

Monday, June 05, 2023 01:44 PM | InvestorsObserver Analysts

VeChain receives an average short-term technical ranking of 37 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. VET has a superior recent technical analysis than 37% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving VeChain a 37 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on VeChain!

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Trading Analysis

VET is currently $0.000263 (1.44%) above its 30-day low of $0.018255462 and -$0.002844 (-13.31%) below its 30-day high of $0.02136196. Additionally, VET is under its average price of $0.019716343 over the past month of trading with its current price of $0.018518237. Overall, the recent trading history of VeChain suggest that traders are currently neutral on the coin. VeChain's market cap of $1,346,544,634.31 is relatively high for a coin. VeChain's market value is relatively high since the largest 100 cryptos have a market cap above $1 billion and VET meets that criteria. Meanwhile, VET's average volume is high with $219,499,178.80 worth of the coin traded over an average 24 hour period. The cryptos volume is relatively high due to the most traded 100 cryptos typically having $100 million worth of the crypto traded over a 24 hour period. Over the last 24 hours, VET's volume is below its usual with $42,265,742.80 exchanged.

Summary

VeChain's trading over the past 30 days leads to its an average short-term technical score due to recent price movement suggesting more neutral signals for traders on the coin in the near future. Click Here to get the full Report on VeChain (VET).