Velas (VLX) gets a bullish rating from InvestorsObserver Wednesday. The crypto is up 18.06% to $0.2689909679 while the broader crypto market is down 4.85%.
Velas has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Velas!
Bullish
Over the last five days, Velas has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Velas over the past five days by volume and price movement.The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.
Price Levels
Velas is currently trading near its five-day high of $0.277608692646027. The crypto is 3.10% off its five-day high and is 21.75% higher than its five-day low of $0.220943780732223.Velas price is currently above resistance. With support set around $0.22329460783344 and resistance at $0.231468848422581, Velas is potentially in a volatile position if the rally burns out.
Velas has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.
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 use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.Due to a lack of data, this crypto may be less suitable for some investors.
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