In today’s VeChain news, we will be looking into the performance of the price of VeChain in recent weeks. The digital asset has been an exciting prospect for people in the crypto space. In the last few weeks, the trade momentum when it comes to the price of VeChain has been sideways or partially bearish. It has to be said that this isn’t ideal for a project that has been tipped by many on so many moments to strongly rivaled Ethereum.
The price of VeChain has never come close to at least 5% of the entire market cap of Ethereum (ETH). Despite these negatives, there have been many good things going on within VeChain.
VeChain (VET) Price Today – VET / USD
Vechain Thor Price Prediction: Future Looks Bright For VeChain
Members of the VeChain community are certain that very soon, they will see big things happen for VeChain. A key reason for this wave of confidence is the report of a growing BTC adoption, even though no one has an idea regarding how things will play out. Inviting more people to use VeChain will be a difficult exercise. Currently, VeChain is listed by new exchanges like HitBT.
As of press time according to data given by CoinMarketCap, the price of VeChain is trading at $0.007050. It has a market capitalization of $390,959,192 and trade volume of $13,240,908.
Vechain Thor Price Prediction: There’s Still Hope for Vechain
Investors, crypto enthusiasts and proponents alike still expect many from VeChain. Currently, it seems the price of VeChain is sitting in a good position. When you combine this with a trading volume of just below $18 million, it appears that there’s enough liquidity to hold up this price movement without fear of it suffering a setback.
Recently, the VeChain (VET) protocol has been active. The initiative has been going into collaborations with top comes including vehicle firms, luxurious brands and multiple governments across the world.
This should tell us that, soon enough, VET will gain the trust of most industries. We can look forward to a time when more companies will invest in the VeChain platform.
Vechain Thor Price Prediction: The Price of Vechain is in Bullish Territory
The price of Vechain is reportedly trading in bullish territory. The crypto’s price is now facing resistance at $0.00800. As of April 5, we understand that the bulls reached $0.007660 which is a new high for the price of VeChain. Although the bulls were resisted $0.00800. The price of VeChain eventually fell into the support position of the 12-day EMA as well as the support of $0.006500. The price of VeChain has now resumed its bullish price movement at this support level. Although the bulls managed to break above the EMAs.
Looking at the upside, we can see that the price of VeChain is sustained above both EMAs. The price of the cryptocurrency is expected to rise further and retest $0.00800 which is a resistance level. Looking at the downside, should the bulls fail to break this resistance level, the price of VeChain will fall. The stochastic remains in overbought territory although above the 20% range thus indicating that the price of Vechain has entered bullish territory which is a buy signal