In the previous year, the first two quarters reflected uptrend in the VeChain price. The same is anticipated from the current year too. VET coin started 2020 with escalation, but today, the coin is registering downtrend.
The currency is anticipated to give flourishing results in the future. The traders can dig-in with a high prospect of profit. We are positive that the coin would fulfil the expectations of the traders.
VeChain Price Analysis
Yesterday, VeChain started dealing at $0.005225. The price moved to $0.005328 from $0.005219 by 2.08% hike. After trading around $0.053 for some time, the price slightly slipped to $0.005294 by 0.67%. The currency escalated to $0.005479 by 3.53% hike. The VET price dropped to $0.005332 by 2.96%. The price moved again to $0.05485 but couldn’t stay at the level for a long time and dropped to $0.005300 by 3.40% drop. The closing hours took the VeChain price to $0.005376 by 1.53%. The intraday movement in VET coin marked a 2.96% progression. Today, the price dropped to $0.005284 during the opening hour. The currency jumped to $0.005358 by 1.20%.
VeChain started the day with a heavy fall. The coin was almost near to the immediate support level at $0.00523. However, the price improved and is now at $0.005335. According to VET Forecast, there is a slight possibility for the VET coin to escalated to the immediate resistance level at $0.005495. VET coin is recommended for long-term investors. The same might bring a maximum return to the investors.
| Resistance Level | Price | Support Level | Price |
| R1 | $ 0.005495 | S1 | $ 0.005233 |
| R2 | $ 0.005624 | S2 | $ 0.0051 |
| R3 | $ 0.005757 | S3 | $ 0.004971 |