InvestorsObserver gives VeChain a strong long-term technical score of 77 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 77% 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
VeChain’s price is $0.0016068 (6.39%) above its 100-day moving average price of $0.025130545 as its price at the moment sits at $0.026737325. Additionally, VET is $0.0066193 (-54544.50%) higher than its 52-week low price of $0.020118002 while -$0.16077369 (-5318.76%) under its 52-week high of $0.187511012. The current trading price in relation to its long-term average along with its 52-week high and low, gives VET a strong long-term technical score of 77. Long-term trading movement of VeChain suggest that investors are neutral on the coin at the moment.
VeChain has a total market value of $1,938,754,116.32 with an high average daily volume of $410,664,508.75 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 $118,131,970.78 exchanged in total.
Summary
Technical analysis of VeChain over the past year results in the crypto receiving a a strong long-term technical score of 77 as its price movement in that time has given traders reason to be neutral on the coin in the long-term.
Click Here to get the full Report on VeChain (VET).
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