VeChain receives a weak long-term technical score of 21 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
VET currently holds a superior long-term technical analysis score than 21% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.
Trading Analysis
VeChain’s price is -$0.0042587 (-20.79%) below its 100-day moving average price of $0.020481418 as its price at the moment sits at $0.016222685. Additionally, VET is $0.0008627 (-71508.97%) higher than its 52-week low price of $0.015359999 while -$0.07960066 (-10418.94%) under its 52-week high of $0.095823340. The current trading price in relation to its long-term average along with its 52-week high and low, gives VET an average long-term technical score of 21. Long-term trading movement of VeChain suggest that investors are bearish on the coin at the moment.
VeChain has a market capitalization of $1,176,325,487.80 and a relatively high average daily volume with $171,302,791.63 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, VET’s volume is below its seven day average with 27,523,990.60 exchanged.
Summary
VET’s historical trading over the past year gives it a a weak long-term technical score of 21 as its price movement in that time has given investors reason to be bearish on the coin in the long-term.
Click Here to get the full Report on VeChain (VET).
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.
Thank you for signing up! You’re all set to receive the Morning Update newsletter
Be the first to comment