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VeChain (VET) Rises 2.16%, Outperforms the Crypto Market Friday

Friday, September 23, 2022 07:31 PM | InvestorsObserver Analysts
VeChain (VET) Rises 2.16%, Outperforms the Crypto Market Friday

VeChain (VET) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has gained 2.16% to $0.02334340189.

volatility - 28
InvestorsObserver is giving VeChain a 28 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 28, placing it in the bottom 28% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. VET's moderate volatility reading is paired 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 above resistance. With support near $0.0221310000246654 and resistance set at $0.0233021754151474. This positions VeChain out of range and potentially in a volatile position if the rally burns out.

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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