The Vechain price is holding steady as we post this, around $4.15. This is a good place to be a long-term investor in Vechain. The price is holding steady as we post this, around $4.15. This is a good place to be a long-term investor in Vechain.
You might have heard of VeChain, but how do you know if it’s the right cryptocurrency for you? To help answer this question, we’ve created a coin rating system that takes a look at the top features of each cryptocurrency. We think you’ll find it’s a good way to figure out which crypto may be right for you.
Vechain, or VeChain, is a blockchain project that has made a name for itself in the cryptocurrency community for its unique business model. The company has a partnership with liquor company PwC to track and audit commodities. Vechain is built on blockchain technology, but it’s not meant to be a cryptocurrency in the traditional sense. Rather, it’s designed to be an infrastructure for other cryptocurrencies to use.Summary of the situation
- VET tests resistance at $0.13.
- The ETV/USD is finding support at $0.095.
- VET is trading below $0.14.
Today’s price outlook for Vechain is bullish, as the market continues to move higher over the past 24 hours and is targeting the previous high at $0.14. Once that happens, we expect ETV/USD to hit the next price target at $0.155 in the coming days. Crypto-currency heat map. Source: Coin360 The market as a whole is showing mixed results, with bitcoin down 2% and Ethereum down 3%. Ripple is one of the worst performers with a loss of 6%, while Dogecoin is up 10.4%. VET/USD opened at $0.12 after a slight downward trend yesterday, where resistance was found at $0.13. So, once the VET/USD pair pulls back further and forms a low, we should see another push higher this week.
Price changes in Vechan in the last 24 hours
The ETV/USD exchange rate was in the range of $0.1173 – $0.1273, indicating moderate volatility. Trading volume fell 17.35% in 24 hours to $935 billion. The total market size is $8 billion, putting the cryptocurrency in 20th place.
4-hour chart VET/USD – VET not ready to go above
On the 4-hour chart, we can see that VET/USD has been moving upward over the past few days, when a low was formed around $0.095. 4-hour chart VET/USD. Source: TradingView The market as a whole has continued a massive multi-week decline that saw the market go from a high of $0.28 to a low of $0.05 late last month. The VET/USD pair has been unable to move lower in recent weeks and is slowly reversing and establishing higher lows. Higher tops are not yet expected, however, as recent upward pressure has led to a retest of the $0.14 resistance. As a result, the VET/USD pair is expected to move sideways until it breaks resistance at $0.14 and forms a consolidation in an increasingly narrow range. The price of VeChain should then rise above the $0.155 level and resume its upward trend later this month. In this case, we can expect a new all-time high to be reached at the end of this month. Currently, the best option is to wait for new price action in the form of a new higher high and enter the market during a correction.
Vechain price forecast: Supplement
The price outlook for Vechain is bullish as the market has continued to rise in recent days after hitting a new low of $0.095. The market is currently retreating from $0.13, suggesting that a further rise to $0.14 could be seen soon. While we wait for more Vechain price action, read our guides on Cardano, ZCash, and Litecoin. Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.VeChain (VEN) is a blockchain-based platform launched in October, 2017 that aims to improve supply chain management by using a digital identity system and a blockchain to track and trace the origin of products. VEN is a smart contract platform, being run on the Ethereum blockchain, and it uses the native VET token for its operations. VET is an ERC-20 token that is used to pay for transaction fees on the VEN platform and to incentivize users to do things like submit product information and share their data.. Read more about vtho price prediction 2025 and let us know what you think.
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