VeChain receives an average long-term technical score of 37 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
VET currently holds a superior long-term technical analysis score than 37% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.
Trading Analysis
The current trading price of $0.050000000 for VET is -$0.0400000 (-39.82%) below the coins 100-day moving average of $0.090000000. VET meanwhile is $0.0200000 (-30644.25%) above its 52-week low of $0.040000000 and -$0.23000000 (-3575.30%) under its 52-week high price of $0.280000000. VeChain’s current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 37. The price movement and range of VET suggest that investors are bearish on the coin at this time.
VeChain has a total market value of $3,405,750,974.09 with an high average daily volume of $1,357,481,343.50 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, VET’s volume is below its average with $202,120,812.44 exchanged in total.
Summary
Technical analysis of VeChain over the past year results in the crypto receiving a an average long-term technical score of 37 as its price movement in that time has given traders reason to be bearish on the coin in the long-term.
Click Here to get the full Report on VeChain (VET).
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