VeChain had a sluggish start to the year but had managed to go on a slow and steady upward rally till June. The bear pressure from July changed the price movements in the downward direction. The past 30 days price movements have shown some revival spark in the VET coin with the price being in the upper range for most of the time though the bears managed to get the price below the baseline. The price was fluctuating in the range of $0.0047 – $0.0077.
VeChain Price Analysis
VET price started the month in the upward range and managed to be there for the better part of the month as observed from the past month’s price trend. The price was at $0.0066 on Nov 27. It fell to the extent of 11.25% on Dec 01 at $0.0058. The price of VET took an uptrend and reached a high of $0.0077 on Dec 02, the upward rally being at 33.18%. The price took a steady turn for some time but on Dec 18, the bears showed up in full swing and the price of VET went down to $0.0047, the downward movement being at 38.67%. The price of VET showed grit when it recovered to the tune of 29.67% on Dec 24 at $0.0061. The price of VET today is at $0.0060 showing a slight downward movement at 1.64%.
VET coin has managed to put up a brave front against bear pressure over the past month. Trade99’s analysts see this as a positive trend and expect the price to perform similarly over the coming days.
Investors can continue to hold on to their investments as the coin is poised for recovery by early 2020. Short-term traders can continue trading even in this volatile market as VeChain cryptocurrency is poised for a stable upward momentum in the coming days.