InvestorsObserver gives VeChain an average long-term technical score of 42 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.
VET at this time has a superior long-term technical analysis score than 42% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.
Trading Analysis
The current trading price of $0.016707758 for VET is -$0.0050176 (-23.10%) below the coins 100-day moving average of $0.021725407. VET meanwhile is $0.0003650 (-67205.72%) above its 52-week low of $0.016342795 and -$0.08619492 (-9701.68%) under its 52-week high price of $0.102902681. VeChain’s current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 42. The price movement and range of VET suggest that investors are bearish on the coin at this time.
VeChain has a total market value of $1,211,498,687.98 with an high average daily volume of $183,602,169.17 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, VET’s volume is below its average with $24,313,408.00 exchanged in total.
Summary
Technical analysis of VeChain over the past year results in the crypto receiving a an average long-term technical score of 42 as its price movement in that time has given traders reason to be bearish on the coin in the long-term.
Click Here to get the full Report on VeChain (VET).
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