If you’ve been following the VeChain project, you may have noticed the price action over the last few days has been rather volatile. The price action of VEN has been on a roller coaster ride over the last few days, up over 30% in the last 24 hours and then back down to $0.12.
VeChain continues to remain in the top ten cryptocurrency in terms of market capitalization. At the time of writing, the price of VET has been trading at $0.12, with the market cap standing at $2.19billion. Over the past 24 hours, the price has ranged between $0.13 and $0.17, with a 24-hour trade volume of $135 million, and daily trading volume of $400 million over the past seven days.
The VeChain price analysis and VeChain news today is that the VeChain price has hit a new all-time high trend. The VeChain price has been slowly moving higher since mid-May, but the movement has been a bit erratic. The VeChain price has been moving within a narrow range since the beginning of June, which has continued today, but the VeChain price has now breached the $0.12 mark for the first time since mid-May.. Read more about vechain price prediction 10 $ and let us know what you think.Summary of the situation
- VET retested support at $0.12 yesterday.
- The next resistance is at $0.14.
- The next target is $0.155.
VeChain’s price analysis for today is bullish as the market continues to move sideways and has found support from which to move forward. Crypto-currency heat map. Source: Coin360 The overall market is trading slightly lower today, with market leader bitcoin losing 1%, while Ethereum is trading with a small gain. The rest of the market follows this relatively weak price action pattern, suggesting that the market is building upward pressure over the next 24 hours.
VeChain price movement in the last 24 hours
VET/USD was trading in a range of $0.1264 – $0.1364, indicating moderate volatility. Trading volume fell 3.83% in 24 hours to $924.9 billion. The total market size is $8.2 billion, putting the cryptocurrency in 20th place.
4-hour chart VET/USD – Another test of support at $0.12.
On the 4-hour chart, we can see that the price of VeChain has moved sideways in recent days, suggesting that the market is preparing for a further rise. 4-hour chart VET/USD. Source: TradingView The market as a whole continues to recover from the downward momentum of recent weeks. Since hitting the all-time high of $0.28, the VET/USD pair has suffered an 80% decline before finding support at $0.05. Bears could not go lower after that, and a slightly higher bottom was set at $0.065, suggesting that the market is ready to go higher. Over the next few days, the ETV/USD exchange rate rose to $0.14. This was followed by a new low of around $0.09, which reinforced the bullish sentiment in the market. Last week, VeChain’s stock price was finally able to set a higher high at $0.155, a signal to the bulls that it’s time to get into the market. This led to several days of consolidation above the $0.12 support level. This means that the bulls are likely to gain momentum to push the Vechain price above the current local high at $0.155. Therefore, the next target for VeChain is $0.185, and if this is achieved from the current price level of around $0.125, the potential gain would be 50 percent.
VeChain price analysis: Supplement
The price analysis on VeChain is bullish as the market has established a base from which it will move higher later this week. Therefore, we can expect VET to hit the next price target at $0.155 and continue its upward trend towards the next all-time high at $0.27. In anticipation of further price movements of VeChain, read our guides on how to buy Cardano, mine Zcash and invest in bitcoin. Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.VeChain takes a firm hand in being the most experienced blockchain company in China, and now it has proven to be the highest quality blockchain project among the ones out there. It has been able to overcome all the challenges and has shown that it has the most capable team out there and that it is able to keep up with the other important blockchain projects. The VeChain blockchain has been able to gain the trust of the investors and the government, and they have even set up a blockchain institute in Shanghai.. Read more about vethor token price prediction 2025 and let us know what you think.
vechain price prediction 10 $vechain price prediction 2030will vechain reach $1vethor token price prediction 2025vechain price prediction todayvtho price prediction 2025,People also search for,vechain price prediction 10 $,vechain price prediction 2030,will vechain reach $1,vethor token price prediction 2025,vechain price prediction today,vtho price prediction 2025,vechain price prediction $75,vechain price prediction 2022