VeChain (VET) has been relatively less volatile compared to the crypto market. So far Thursday, the crypto has dropped 6.63% to $0.01992581678.
InvestorsObserver gives VeChain a low volatility rank of 20, placing it in the bottom 20% of cryptos on the market.
The Volatility Gauge tracks which means that one day won’t define its volatility rank – a trend will.
VET’s low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
VeChain price is trading near resistance. With support at $0.018360986828932 and resistance at $0.0203217859269468. This positions VeChain with potential selling pressures ahead as it may be getting over extended.
What is a Coin?
A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.