The crypto market began the second month of the quarter with high hopes. The previous month in VeChain was pretty productive. The traders were satisfied with the momentum. The future holds similar progression speculations from VeChain.
Today, VET coin is likely to mark the regressive movement. There is not much hope from the coin as the entire market is experiencing pullback pressure.
VET/USD Price Chart
Yesterday, VeChain started dealing at $0.0059056. The currency price dropped to $0.00579 in the next 4 hours. At 09:02 UTC, on February 02, the price was at $0.0061895 by 6.84% hike. The price dropped to $0.00601 in the next few hours. Later, the currency hanged at the level for quite some time. Further, the price picked up the pace and escalated to $0.00649 by a massive hike of 7.50%. The closing hours brought the to $0.006143. The day-long movement in VET coin indicated a 3.92% profit in the price.
Today, VeChain price jumped to $0.00640 by 4.29%, and then, the price immediately fell to $0.00610. The currency escalated to $0.00629 by 3.21%. Since then, the price started dropping and touched $0.00614 by 2.41%.
As per the MACD indicator, the MACD line has overlapped the signal line. The upcoming period might be regressive for the traders. However, the overall trend is a bullish one, and hence, if the currency trade upwards, it may reach up to $0.0067 soon.