The VeChain price prediction for 2021 is $0.00, with a high estimate of $0.01 and a low estimate of $0.00.
The vechain price prediction end of 2021 is a question that many investors are asking. This article will answer the question with an estimated value for VeChain by the end of 2021.
- The range of bullish VET price predictions is $0.15 to $0.25.
- The price of VET may soon approach $0.5 as well.
- $0.05 is the negative market price estimate for VET in 2021.
We utilize data, price trends, RSI, and other information about VET to evaluate the cryptocurrency’s future movement in VeChain (VET) price forecast 2021.
VeChain (VET) is a supply chain platform based on blockchain technology. Furthermore, the project began in 2015 and was completed in June 2016. VeChain, on the other hand, intends to utilize distributed governance and the Internet of Things (IoT) to create an ecosystem that addresses certain supply chain management issues.
Based on the VeChainThor public blockchain, the platform utilizes two in-house currencies, VET and VTHO, to assist and generate value. Greater specifically, the goal is to improve supply chain efficiency, traceability, and transparency while lowering costs and giving individual users more control.
Let’s take a look at the VeChain pricing forecast for 2021.
VeChain’s Current Market Situation (VET)
The VeChain price is $0.116 at the time of writing, according to CoinGecko, with a 24-hour trading volume of $898,555,981. However, in the past 24 hours, VET has risen by 5.72 percent.
VET is currently traded on Binance, Tokocrypto, Huobi Global, FTX, and Upbit, among other cryptocurrency exchanges.
Price Prediction for VeChain (VET) in 2021
VeChain (VET) is now ranked 21st on CoinGecko. The price of VET in 2021 is forecasted using a daily time period, as shown below.
The Falling Wedge pattern may be seen in the chart above. This pattern occurs when the price advances in an overall positive direction before dropping. This pattern begins broad at the peak then narrows as the price falls. Furthermore, when the crypto price moves for a length of time, two converging trend lines form a falling wedge pattern. A falling wedge occurs when there is a downward change in market movement, which is referred to as a reversal trend.
If the bull trend continues, the VET may hit $0.25 on the daily time frame chart. Otherwise, if the VET price breaks through the $0.15 resistance level, it will fall to the next support level. As a result, the VET’s trend is predicated on the breakout.
Support and Resistance Levels for VeChain (VET)
The chart below depicts VeChain’s support and resistance levels (VET).
Support and Resistance Levels for VET/USDT (Source: TradingView)
The following are the resistance and support levels of VET, as shown in the preceding chart.
- $0.15 is the first level of resistance.
- $0.25 is the second level of resistance.
- Level 1 Support – $0.09
- Level 2 Support – $0.05
- Level 3 Support – $0.03
VET’s bullish performance during the preceding month is shown in the graph. This trend, however, will shortly hit a resistance level of $0.25. Furthermore, if the trend were to reverse, VET could fall to $0.05, indicating a bearish signal.
Average Directional Index for VeChain (VET) (ADX)
Let’s take a look at the Average Directional Index for VET (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is forming. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
The ADX of VET is in the region of 44.36 in the preceding chart, indicating a very strong trend. This suggests that the ADX price may continue to rise in the future.
The VET is a cryptocurrency that is ideal for long-term investment. Furthermore, the VET price forecast is positive in the near future. By the end of the year, it has a strong probability of hitting $0.15. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the improvements and updates to the VET ecosystem, VET’s performance is expected to increase to $0.25 in the near future. However, if investors think VET is a solid investment in 2021, it may reach $0.5.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
Articles to Consider
The vechain price prediction next week is a question that many people have been asking. There are many different opinions on the subject, but no one knows for sure what will happen with the cryptocurrency in 2021.
Frequently Asked Questions
How much will VeChain be worth by the end of 2021?
It is difficult to say how much VeChain will be worth by the end of 2021, but it is likely that it will be worth a lot more than what it is now.
Is Vet worth investing in 2021?
What will vets be worth 2025?
That is difficult to say, but I think it will be worth a lot more than what they are now.
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