InvestorsObserver
×
News Home

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

Thursday, May 12, 2022 04:00 PM | InvestorsObserver Analysts
VeChain (VET), Moderate Volatility and Falling Thursday: Is it Time to Cash Out?

VeChain (VET) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has fallen 5.58% to $0.02822002637.

volatility - 43
InvestorsObserver is giving VeChain a 43 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 43, placing it in the bottom 43% of cryptos on the market.

The Volatility Gauge analyzes 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 in a favorable position going forward. With support near $0.0236227386329231 and resistance set at $0.034959825191265. This positions VeChain with room to run before facing selling pressures.

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.

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App