VeChain (VET) Rises 0.33%, Outperforms the Crypto Market Saturday

Saturday, September 03, 2022 03:37 PM | InvestorsObserver Analysts

VeChain (VET) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the crypto has added 0.33% to $0.02410311932.

InvestorsObserver is giving VeChain a 26 Volatility Rank. Find out what this means to you and get the rest of the rankings on VeChain!

See Full Report

Moderately Volatile

InvestorsObserver gives VeChain a moderate volatility rank of 26, placing it in the bottom 26% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. 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 near $0.0235899385508272 and resistance at $0.0246614810522768. 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.