VeChain (VET) Up 0.72% Tuesday: What's Next?

Tuesday, December 14, 2021 10:31 AM | InvestorsObserver Analysts

VeChain (VET) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the crypto has advanced 0.72% to $0.08021659269.

InvestorsObserver is giving VeChain a 18 Volatility Rank. Find out what this means to you and get the rest of the rankings on VeChain!

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Low Volatility

InvestorsObserver gives VeChain a low volatility rank of 18, placing it in the bottom 18% of cryptos on the market.

The Volatility Gauge tracks the previous 60 days, meaning that one day won't make or break the score. VET's low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

VeChain price is favorably positioned going forward. With support around $0.0740536985026751 and resistance set at $0.0867954877244387. 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.