- VET continues the downtrend and lost 4.62% value overnight
- Support at 0.005544 USD may come soon
VeChain has witnessed a massive decline in the value over the last 24 hours. It has shown three price variations in this period in the range between 0.0060 USD and 0.0056 USD. The overall loss stays at 4.62% in this period. It currently trades at 0.00568199 USD.
VeChain Price Analysis
VET coin was being traded at 0.00595771 USD at the starting of the day, and its first swing happened between 01:03 and 04:16 UTC. In these 3 hours, the coin managed a hike of 4.02% that took the VeChain price to 0.00608093 USD, the highest for the day. It was followed by a whopping 5.92% price drop that cost 0.00035 USD and managed to push the VET price to 0.00572094 USD by 18:43 UTC. The last swing happened between 19:59 & 02:02 UTC, and over these 6 hours, the currency faced another loss of 5.41% that took the price from 0.00593 USD to 0.00560 USD by 02:02 UTC today.
VeChain’s market cap saw a huge decline in the last 24 hours. On December 25, it was at 327.898 million USD, and over the last 24 hours, it has been decreased to 316.312 million USD.
VET’s 20 days MA stands at 0.00566598 USD, and it’s 50 days average is now at 0.00570659 USD. The current value of VET remains at 0.00568199 USD, which is 0.43% less and 0.28% more than the 50 days MA and 20 days MA, respectively. Treade99’s analysts predict that VET coin is likely to continue the struggle for the coming days as per the trend and historical data. The next support may come at 0.005544 USD.
Resistance and Support Levels
R1: $0.00605, R2: $0.006200 and R3: $0.006312
S1: $0.005800, S2: $0.005688 and S3: $0.005544
