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

Tuesday, May 24, 2022 07:22 AM | InvestorsObserver Analysts
VeChain (VET), Moderate Volatility and Falling Tuesday: Is it Time to Cash Out?

VeChain (VET) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has declined 6.26% to $0.03146815469.

volatility - 46
InvestorsObserver is giving VeChain a 46 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 46, placing it in the bottom 46% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. VET's moderate volatility reading comes 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 well positioned going forward. With support around $0.0288162454991223 and resistance at $0.0324856136022689. This leaves 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.

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