VeChain price movement is reflecting heavy fluctuation. The sudden jump in the price has taken the VET coin to a whole new level, which couldn’t be imagined a week ago. On November 26, 2019, the price was dealing at $0.0058 with a market cap of 353,848,583, and today it is at $0.0071 with a market of $418,525,863. The same trend might help the traders to recover from the losses that happened quite recently.
VeChain Price Analysis:
Yesterday, VeChain started dealing at $0.006048. The price kept trading around the same level for some hours. The coin escalated to $0.00689 by 18.73%. The VET price dropped to $0.0065 by 4.95%. Further, the coin price surged to $0.007085 by 8.09% and closed the day. The intraday movement in the coin reflected a progression of 17.14%. Today, VeChain started the day at $0.00708 and went up to $0.00775 by 9.43%. Recently, the price started dropping and touched $0.007389 by 6.20%.
VeChain is registering a slight fall. The current price of the coin is $0.007389. However, the coin jumped to $0.007752 by breaching the immediate resistance level at $0.0076. We are positive that the VET coin price would surge again in the later hours.
| Resistance Level | Price |
| R1 | $0.00761 |
| R2 | $0.008092 |
| R3 | $0.008985 |
| Support Level | Price |
| S1 | $0.006235 |
| S2 | $0.005342 |
| S3 | $0.00486 |
The coin is speculated to give better results with time. The traders interested in VeChain are recommended to opt for long-term investment. The same would give high returns to the traders.
