Does it Score Well on Long-Term Trading Metrics Friday?

VeChain receives an average long-term technical score of 43 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.

Currently, VET holds a superior long-term technical analysis score than 43% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

Trading Analysis

The current trading price of $0.016247820 for VET is -$0.0050226 (-23.61%) below the coins 100-day moving average of $0.021270387. VET meanwhile is $0.0005368 (-69911.13%) above its 52-week low of $0.015711021 and -$0.08665486 (-9702.13%) under its 52-week high price of $0.102902681. 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 43. The price movement and range of VET suggest that investors are bearish on the coin at this time.

VeChain has a market capitalization of $1,178,148,020.26 and a relatively high average daily volume with $130,009,600.90 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, VET’s volume is below its seven day average with 20,559,429.88 exchanged.

Summary

Technical analysis of VeChain over the past year results in the crypto receiving a an average long-term technical score of 43 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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