VeChain Primed For A Mini Bull Run According To Latest VeChain Thor Price Analysis, How High Will VeChain Go?

VeChain is makes the headlines these days because of VeChain partnerships and VeChain Thor price predictions. Since the beginning of the year, the VeChain price action has been mainly bullish against the USD. Granted, there were some days when the price of VeChain VET was stuck in a downtrend but the overall outlook is still positive. The good thing is that it was able to overcome this downtrend and maintain a bullish outlook long-term. According to the latest VeChain Thor price prediction on Cryptopolitain.com, the price of VeChain VET is primed for a mini bull run near-term.

VeChain Thor Price Prediction – VeChain News Today – VeChain Latest Update – VeChain Primed For A Bull Run

While the VeChain Thor price prediction is bullish mid and long-term, it is still not living up to expectations. The VeChain partnerships and developments are not in line with the price of VeChain. Last week, there was a mini bull run for VeChain. However, this was followed by a price correction. Against the price of BTC, VeChain has been able to cross the resistance at 107 satoshis. This is a good sign as it was unable to break this resistance the first and second time around. This morning, the price of VeChain was hovering between the 20 EMA and the 50 MA. The breakdown of the level of VeChain is at 95 satoshis. This is a major support level. If the price of VeChain doesn’t hold this support, it will fall as low as 80 satoshis near-term.

VeChain (VET) Price Today – VET / USD

NamePrice
bitcoin
Bitcoin
$8,194.520.087%
vechain
VeChain
$0.0033-0.84%

On the upside, if the price of VeChain is able to move above the resistance at 110 satoshis, it will enter a major bull run moving as high as 123 satoshis and even 150 satoshis near-term. If you don’t have VET tokens in your portfolio already, this may be a good time to buy some. If you already have, you should consider waiting for the mini bull run before you can take your profit. There is a bullish pennant pattern forming at this time. This shows that the bullish trend will continue near-term.

VeChain Thor Price Prediction – VeChain News Today – VET Price Prediction – Current Price VeChain – Is VeChain A Good Investment?

One of the problems facing small capital coins is market manipulation. When the market capitalization of a token is small, whales can easily manipulate the price and trading volume for their benefit. Among all the small market capitalization coins, the VET volume is the least manipulated. This is one reason why VeChain is a good investment. Apart from this, the VeChain partnerships that have been sealed by the VeChain Foundation are all meant to increase the adoption of the blockchain and the VET token. This makes it a solid investment option long-term.

At the time of writing, the price of VeChain was $0.007578. This means that it is down by 2.53% against the USD and down by 2.57% against the price of BTC. The trading volume over a 24 hour period is $22,027,796 and the market capitalization is $420,259,506. Within the next few trading sessions, the price of VET will most likely surge higher against the USD.

What do you think about the VeChain Thor price prediction in our VeChain news today? Share your thoughts about the VET VeChain price in the comment section below.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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