VeChain has crossed 90-days high today. Within almost 45 days of the ongoing year, the currency has exhibited tremendous improvement. The same has spiked hope among the traders. It is anticipated that VET coin would be seen breaking record in the coming months.
For intraday traders, there is slight selling pressure on the coin. The same might reduce the momentum of VeChain. There is a possibility that the closing period might not be great for the traders.
VET/USD Price Chart
VeChain price was at $0.007613 during yesterday’s opening hour, and in the next 38 minutes, it dropped to $0.00740 by 2.84%. Then, the VET price remained at the same level for a while and later, the price escalated to $0.00764 by 3.46%. After this moderate price surge, the price again dropped and reached $0.00741. From this low, VeChain price picked up the pace and reached $0.00767 but couldn’t hold itself for long and touched $0.00739. After this drop, the currency escalated massively and reached $0.00796 by a 7.45% hike at 11:05 UTC.
VeChain felt a slight pullback pressure that brought the price to $0.00755. At 15:36 UTC, the coin price escalated to $0.00787 by 4.32%. The closing hour brought the VET price to $0.00744 by 5.50% fall. The intraday movement reflected a 2.30% fall in the price.
Today, VeChain cryptocurrency reflected tremendous escalation. The price counters moved from $0.00744 to $0.00819 by a massive hike of 10.08%. Later, the VET coin price fell to $0.00754 at 09:33 UTC. However, the coin picked up the pace again and reached $0.00791 as of now. As per Trade99’s analysts, the VET coin may recover soon, and the closing hours might reflect marginal profit.
The current price of VeChain is quite near the next resistance level at $0.0080. The currency has violated the immediate resistance at $0.0077. The major resistance level at $0.0082 is likely to be crossed by the end of the day.