VeChain (VET) What Does the Chart Say Friday?

Friday, July 01, 2022 03:15 PM | InvestorsObserver Analysts

VeChain receives a strong short-term technical ranking of 73 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. VET has a superior recent technical analysis than 73% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving VeChain a 73 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on VeChain!

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Trading Analysis

VeChain is $0.002180 (10.83%) above its 30-day low of $0.020118002 while -$0.011769 (-34.55%) below its 30-day high of $0.03406636. In addition, VET's current price of $0.022297768 is under its 30-day moving average price of $0.026488688, leading to a strong short-term technical score. Overall the recent trading history of VeChain suggest that investors are bullish on the coin at the moment. VeChain's market cap of $1,616,836,733.50 is relatively high for a coin. VeChain's market value is relatively high since the largest 100 cryptos have a market cap above $1 billion and VET meets that criteria. Meanwhile, VET's average volume is high with $855,772,738.88 worth of the coin traded over an average 24 hour period. The cryptos volume is relatively high due to the most traded 100 cryptos typically having $100 million worth of the crypto traded over a 24 hour period. Over the last 24 hours, VET's volume is below its usual with $114,634,353.77 exchanged.

Summary

VeChain's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the coin's short-term movement. Click Here to get the full Report on VeChain (VET).