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.
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.
VeChain Thor Price Prediction
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 (VET) Price Today – VET / USD
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.
VeChain Thor Price Analysis
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 analysis today.
According to the latest Vechain price analysis on cryptonewsz; as far as the trading pattern of the last 24 hours is concerned, we can see a lot of variations in the price movement. There were three major instances of price ups and downs over the last 24 hours.
VeChain (VET) has recently gone into partnerships with some major multinational companies. The tie-up with Haier aims at integrating VeChain’s blockchain to Haier’s Cosmoplat solution. This tie-up has managed to give a huge boost to the value of this coin. Looking at the market trend, we predict the rise further after a short stint of price correction. The next resistance levels would be 0.0075 USD, 0.0080 USD and 0.0085 USD. By the end of 2019, the value should be at 0.01 USD.
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