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

Tuesday, July 12, 2022 09:29 AM | InvestorsObserver Analysts
VeChain (VET): How Does the Chart Look Tuesday?

InvestorsObserver gives VeChain a strong short-term technical score of 76 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. VET has currently traded better than 76% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

Short-Term Technical - 76
InvestorsObserver is giving VeChain a 76 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on VeChain!

Trading Analysis

VeChain is $0.001890 (9.39%) higher than its 30-day low price of $0.020118002 while also -$0.008149 (-27.02%) lower than its high of $0.03015742 from the past month of trading. Meanwhile, VET's current price of $0.022008041 is under its average price of $0.023710353 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of VeChain suggest that traders are currently bullish on the coin.
VET has a high market cap compared to the majority of coins with a total market value of $1,595,828,277.91. VeChain's market value is relatively high since the largest 100 cryptos have a market cap above $1 billion and VET meets that criteria. VeChain's average volume is high as $564,994,850.80 worth of the coin is typically traded over a 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 past 24 hours VET's volume is below its average with $78,798,724.35 exchanged.

Summary

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

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