VeChain (VET), Moderate Volatility and Falling Saturday: Is it Time to Cash Out?

Saturday, June 18, 2022 01:37 PM | InvestorsObserver Analysts

VeChain (VET) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the crypto has lost 7.19% to $0.02149456592.

InvestorsObserver is giving VeChain a 39 Volatility Rank. Find out what this means to you and get the rest of the rankings on VeChain!

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Moderately Volatile

InvestorsObserver gives VeChain a moderate volatility rank of 39, placing it in the bottom 39% of cryptos on the market.

The Volatility Gauge follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. VET's moderate volatility reading pairs 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 around $0.0204217288648347 and resistance at $0.0217809718107442. 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.