VeChain receives a strong long-term technical score of 81 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 81% 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
VET is currently -$0.0300000 (-33.55%) below its 100-day moving average price of $0.100000000 with its current price of $0.070000000. Meanwhile, VeChain is $0.0400000 (-38366.07%) above its 52-week low price of $0.030000000 and -$0.21000000 (-3570.95%) below its 52-week high of $0.280000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 81. Trends for the long-term trading history of VeChain suggest that traders are currently neutral on the coin.
VeChain currently has a total market cap of $4,183,240,410.10 to go along with its average daily volume of $2,976,475,493.85 worth of the currency over the past seven days. VET’s volume is below its seven day average as of the past 24 hours, with 399,538,007.48 exchanged in that period.
Summary
VET’s historical trading over the past year gives it a a strong long-term technical score of 81 as its price movement in that time has given investors 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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