Price Analysis

Will VeChain (VET) Be Dominated by the Bears?

VeChain price movements over the past five days indicate that it is reflecting a downtrend. VET coin was priced as high as $0.00394938, with movement being upwards. On the same day, the coin price dropped by almost 8%, and the price of VeChain was trading at $0.00365326. Then, it saw couple of rises as well as falls over the next two days. On October 13, 2019, price was trading in a similar range around $0.00375, but since it was unable to maintain its efficiency, the coin started to decline.

VET to USD Price Chart

VeChain Price Chart

VeChain Price Prediction

VET coin is indicating a downtrend by 11.14% as compared to the price of October 13, 2019. As per the current movement, VeChain price seems to be stable now and may find next support $0.003309. After a few weeks, it can be traded in the range of $0.0035 and $0.0038.

Conversely, VeChain may find the next resistance at $0.003592 soon. Looking at the current price trend, it is suggested to buy VET coin to gain profits in near-term. We recommend trading from a long-term perspective. MACD indicator also reflects that VeChain is moving downwards. If the price of the coin rise, the next major resistance levels may be witnessed at $0.003592, and then next may be at $0.003727.

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