VeChain (VET) Reflects Moderate Stability After Recent Fall of 25%

VeChain (VET) price has been under tremendous bear pressure since the start of the year, but this did not deter the price from moving in the upward direction. Even the past week has seen the price of the coin move regressively. The price has been fluctuating in the range of $0.0045 – $0.0063 over this time period.

VeChain Price Analysis

VET coin price is slowly pushing itself from bearish hold, as evident from the price movement of the past one week. The currency was trading at $0.006337 on March 05. The same price momentum continued for most of the week, and there was a slight fall marked in the price of VeChain, and it reached $0.005942 on the next day.

On the next day, however, the price of VET coin recovered to the extent of 4% at $0.006174. After this slight hike, Bears got stronger when the price of VeChain fell to $0.004583 by a massive drop of 25.76% on March 09. Still, the coin managed to recover by 8.12% and reached 0.004956 on the next day. After this, the currency has marked moderate movement till today, and at the time of writing this analysis, VeChain price was trading at $0.004770. The coin continues to trade with moderate movement even under the volatility.