VeChain (VET) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the crypto has lost 1.69% to $0.0561921961.
Moderately Volatile
InvestorsObserver gives VeChain a moderate volatility rank of 26, placing it in the bottom 26% of cryptos on the market.
The Volatility Gauge analyzes meaning that one day won’t make or break its rank.
VET’s moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
VeChain price is trading near resistance. With support at $0.0540343475735543 and resistance near $0.0568593767679093. This positions VeChain with potential selling pressures ahead as it may be getting over extended.
What is a Coin?
A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.
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