VeChain News

VeChain (VET) Trades Stably Above $0.0038 After Registering 6.44% Gain Overnight

  • VeChain price is currently being traded at $0.003866 after the last day’s push of 6.44%
  • VET/USD may soon reach the next resistance point at $0.0040

As the crypto market is evolving, VeChain is making new associations across the globe. Its recent partnership with PlatformXChain, a toy-manufacturing start-up, is eyeing to make VeChain’s hold in the Eastern part of the world strong. It should be noted that earlier, it has been associated with Shenergy Group Company Limited for developing a blockchain-based energy project.

These new associations are nothing but a few catalysts to the price trend of VET/USD in the market. Over the last month, its value has made a constant gain despite a few fluctuations. The currency has made a 6.44% gain in the last 24 hours as well.

VeChain Price Analysis

VeChain (VET) Price News
VET/USD Chart By TradingView

Yesterday, VET coin price spotted at $0.003632, and in the next 9 hours, it managed to add $0.00020, and the currency touched $0.003839. It was followed by another 6.52% boom that pushed the VeChain price to the highest point of the day at $0.0040. However, it couldn’t retain its head at that high for long and faced rejection. This pulled the coin’s price down to $0.003857 by 02:23 UTC today.

VET coin may continue to trade with current momentum. Traders may find the value at $0.0040 soon, with strong support stands at $0.0035.

Erica Lee

Erica is a finance professional who has over a decade of experience in the finance sector as a management consultant. After years of reporting on forex, stock markets, and finance, she now contributes her strong financial skills with the CoinNewsSpan team. Since 2014, she has been deeply involved in the blockchain and cryptocurrency space. She believes that blockchain technology has tremendous potential to make our lives better.

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