Price Analysis

VET Takes a Slight Upturn; Will This Sustain?

VeChain was trading at $0.00337622 as on October 6, 2019 foreseeing a bearish move. Gradually, the price of VeChain started to show an upward trend. On October 8, 2019 VET was being traded at the lowest price of the said time frame at $0.00342459. Within two days of the fall in price, VET managed to bounce back and showed a growth of 15% with price reaching $0.00395396. While writing this price comparison, VET price indicated a positive trend.

VET to USD Price Analysis:

VeChain Price Chart

VeChain at present indicates a bullish trend by almost 3% when compared to the price on October 10, 2019. Looking at the movement, VET price is likely to rise tomorrow with the coin being traded attaining a good height within the marked time frame.

We strongly recommend selling the existing investment in hand as per today’s movement. The MACD indicator also points that VET is reflecting an upward trend with a bullish crossover at present as the MACD line crosses the signal line. It is advisable to trade in the coin from a long term perspective as it has all the potential to attain newer price marks.

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