VeChain (VET) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the crypto has gained 5.01% to $0.02954169235.
Moderately Volatile
InvestorsObserver gives VeChain a moderate volatility rank of 27, placing it in the bottom 27% 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 comes 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 above resistance. With support set at $0.0265759089506528 and resistance around $0.0293983043647668. This positions VeChain out of range and potentially in a volatile position if the rally burns out.
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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