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VeChain (VET) What Does the Chart Say Sunday?

Sunday, June 26, 2022 02:31 PM | InvestorsObserver Analysts
VeChain (VET) What Does the Chart Say Sunday?

VeChain receives an average short-term technical score of 50 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. VET holds a better recent technical analysis than 50% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

Short-Term Technical - 50
InvestorsObserver is giving VeChain a 50 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on VeChain!

Trading Analysis

VeChain is $0.004826 (23.99%) above its 30-day low of $0.020118002 while -$0.009122 (-26.78%) below its 30-day high of $0.03406636. In addition, VET's current price of $0.024944090 is under its 30-day moving average price of $0.027562195, leading to an average short-term technical score. Overall the recent trading history of VeChain suggest that investors are neutral on the coin at the moment.
VeChain's market cap of $1,808,724,560.25 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 $1,000,480,547.76 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 $112,636,432.15 exchanged.

Summary

VET's recent trading over the past month give it an average short-term technical score as its recent price movement give traders reason to be more neutral on the coin in the short-term. Click Here to get the full Report on VeChain (VET).

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