VeChain (VET) Enters into 2nd Day Straight of Sluggish Price Movement
- VeChain loses 3.30% overnight to trade at $0.0067
- There may not be any sudden rise in the VET price anytime soon
After the last day’s huge loss, VET coin again lost a huge value over the last 24 hours. It has shown three major price variations in the last 24 hours, and the overall change stands at a 3.30% loss.
VeChain Price Analysis:
VET cryptocurrency was being traded at 0.007007 USD at the opening of the day. The first variation started at 00:58 UTC, and over the next 12 hours, it gained 13.61% to add 0.0009 USD to the VeChain price. At 13:25 UTC, the coin started weakening, and after losing 11.76%, it touched 0.0068 USD by 21:52 UTC. The last variation happened between 00:58 UTC and 03:14 UTC today. Over these 2 hours and 16 minutes, VET makes another downward movement of 5.48% that cost it 0.00038 USD and placed it at 0.00668 USD.
VeChain’s 20 days MA stands at 0.00672339 USD, and the 50 days MA is now at 0.00678078 USD. Currently, VET coin trades 0.08% below and 0.77% above the 50 days & 20 days moving averages, respectively. The next halt may come at the resistance of 0.0074 USD.