VeChain has been able to invite the recovery process after a while. In the last 24 hours, VET price has been up by a whopping 4.71%. It has been through three major price swings in these hours, and all in the range between $0.0041 and $0.0045.
VeChain Price Analysis
VET coin’s first swing happened in the initial 6 hours and 3 minutes. It lost 5.04% in these hours and got pushed to 0.0041146 USD, the lowest for the day. After 06:04 UTC, it started showing strength, and over the next 14 hours and 15 minutes, VeChain price could scale as high as 0.00447694 USD, thanks to the 8.80% hike. The last major price variation happened between 21:21 UTC and 01:54 UTC, and this variation added another 0.0002896 USD to the value and pushed VET price to the highest for the day at 0.00454436 USD.
Along with the price against the US Dollar, the Market Cap of VeChain also saw a hike. Between November 04 and 05, the Market Cap rose to 251.435 million USD from 243.752 million USD.
VET coin’s 20-days and 50-days moving averages are at 0.00376248 USD and 0.00370855 USD, respectively. The current price of VET coin at 0.00453759 USD is 22.35% and 20.60% more than the 50 days average and 20 days average, respectively. Looking at the current price trend, we can expect the continuation of this uptrend in the coming days.
| VeChain (VET) | Resistance and Support Levels |
| 1st Resistance | $0.004488 |
| 2nd Resistance | $0.004581 |
| 3rd Resistance | $0.004733 |
| 1st Support | $0.004243 |
| 2nd Support | $0.004091 |
| 3rd Support | $0.003998 |
