VeChain (VET) Rises 6.7%, Outperforms the Crypto Market Friday

Friday, October 14, 2022 09:54 AM | InvestorsObserver Analysts

VeChain (VET) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has increased 6.7% to $0.02330141053.

InvestorsObserver is giving VeChain a 25 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 25, placing it in the bottom 25% of cryptos on the market.

The Volatility Gauge takes into account 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 trading above resistance. With support set at $0.0209642556505212 and resistance set at $0.0230462030516871. This leaves 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.