VeChain receives a strong short-term technical score of 81 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. VET holds a better recent technical analysis than 81% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.
Trading Analysis
VeChain is $0.001973 (13.45%) higher than its 30-day low price of $0.014665047 while also -$0.001824 (-9.88%) lower than its high of $0.01846211 from the past month of trading. Meanwhile, VET’s current price of $0.016637821 is above its average price of $0.016610308 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of VeChain suggest that traders are currently bullish on the coin.
VeChain’s market cap of $1,209,811,108.04 is relatively high for a coin. VeChain’s market value is relatively high since the largest 100 cryptos have a market cap above $1 billion and VET meets that criteria. Meanwhile, VET’s average volume is high with $204,883,938.48 worth of the coin traded over an average 24 hour period. The cryptos volume is relatively high due to the most traded 100 cryptos typically having $100 million worth of the crypto traded over a 24 hour period. Over the last 24 hours, VET’s volume is below its usual with $28,556,935.72 exchanged.
Summary
VeChain’s price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the coin’s short-term movement.
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