VeChain has quickly risen to the top ranks. Even if it has not yet become one of the top ten cryptocurrencies per market capitalization, the VeChain partnerships and other developments on the VeChain Thor mainnet have set the stage for a significant surge in the price of VeChain. The VeChain Thor price prediction for the year 2019 is bullish as we’ve already established in our previous VeChain news. However, how do you know the best time to buy VeChain to make the most profit? This is what we would consider in our VeChain news and VeChain Thor price prediction today.
VeChain Thor Price Prediction – VeChain News Today – VeChain Partnerships – VET Coin – VeChain Trade Recommendation
The VeChain mainnet has been making headlines since the VeChain token swap. The team behind the project is determined to make VeChain Thor the most useful blockchain for businesses interested in DLT technology. Over time, several VeChain partnerships have been made and this has increased the visibility of the VeChain Thor mainnet as well as influenced the VeChain Thor price prediction. For a while now, the price of VeChain has been in a clear range between $0.0050 and $0.0090. In March, the price of VeChain was able to surge above the resistance at $0.0053 and has been able to maintain its ground above this level for more than a month.
After the price of VeChain moved above the $0.0053 level, it formed a double bottom which led to a breakout to the $0.008539 level. As expected, this was followed by a pull back that took the price as low as $0.0053 once again. Thankfully, the bears ran out of steam and the bulls took the price above $0.0082012. Right now, the bulls are exhausted. This is why after the price fell below $0.008212, it has been unable to retest that level. This is giving traders the perfect opportunity to buy at lower rates and wait for another bull rally.
When the price of VeChain got to the $0.0069 level, things became tricky. The bulls managed to hold the price of VeChain above the level for some days but they eventually ran out of steam and the price of VeChain fell. Thankfully, the strongest support is still at $0.0053. So, traders are encouraged to hold until the price falls near this support to start buying. You can also decide to buy at the current price or wait for a dip as low as $0.0060 before buying.
VeChain Thor Price Prediction – VeChain Current Price – VeChain Mainnet – VeChain Partnerships
At the time of writing, the VET price was $0.006404. This means that it is down by 1.30% against the USD and down by 2.03% against the price of BTC. The trading volume over a 24 hour period is $10,899,866 and the market capitalization is $355,144,716. Before the end of the year, the VET price may move as high as $0.0100. Short-term, VeChain price will most likely move as high as $0.008500 again. This is as long as it stays above the $0.0053 support level.
What do you think about the VeChain Thor price prediction in our VeChain news today? Will the VET price gain significantly this year? Share your thoughts in the comment section below.