VeChain receives a strong long-term technical score of 67 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
Currently, VET holds a superior long-term technical analysis score than 67% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.
Trading Analysis
The current trading price of $0.050000000 for VET is -$0.0500000 (-47.80%) below the coins 100-day moving average of $0.100000000. VET meanwhile is $0.0300000 (-40592.90%) above its 52-week low of $0.030000000 and -$0.22000000 (-3575.11%) under its 52-week high price of $0.280000000. VeChain’s current price relative to the coins long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 67. The price movement and range of VET suggest that investors are neutral on the coin at this time.
VeChain has a market capitalization of $3,438,451,882.50 and a relatively high average daily volume with $1,277,985,167.25 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, VET’s volume is below its seven day average with 187,277,640.76 exchanged.
Summary
Technical analysis of VeChain over the past year results in the crypto receiving a a strong long-term technical score of 67 as its price movement in that time has given traders reason to be neutral on the coin in the long-term.