VeChain News Today – VeChain is now one of the most popular projects in the cryptocurrency space for good reason. Since after the VeChain mainnet launch and VeChain token swap last year, the VeChain Foundation has been doing everything within its power to ensure the success of the VeChain token. One of these moves include the long list of VeChain partnerships that hit the cryptocurrency headlines almost every week. These VeChain partnerships are the vehicles that will drive adoption for VeChain. For some days now, the price of VeChain VET has been on a sideways trend. However, it recently hit $0.0080 in a bull run before it started correcting lower. There is a high chance that it would hit $0.0090 before the end of the new week.
VeChain News Today – VeChain Thor Price Prediction – VeChain Latest Update – VeChain Is Bullish Short, Mid And Long-term
It’s true that the effect of VeChain partnerships have not been reflecting on the price of the VET token. Per our previous VeChain news, these partnerships may not affect the price of VeChain now but will definitely contribute to a VeChain bull run in the future. According to the VeChain Thor price prediction on Bitcoin Exchange Guide, the price of VeChain is going to breakout of the $0.0100 level soon but it needs to surge above $0.0090 first. Right now, there are resistances at $0.0080, $0.0090, and $0.0100. There are also support levels at $0.0070, $0.0060, and $0.050. While VeChain has been on a sideways trend since February, it has made a lot of progress as it was trading at $0.0040 then. On the 5th of April, the price increased to $0.0080. Which means it was up by 100% within a 90 day period.
VeChain (VET) Price Today – VET / USD
| Name | Price |
|---|---|
 | $0.00 |
 | $0.00 |
On the 8th of May, our VeChain news placed the price of VET in a downward channel. It fell as low as $0.0060 before the bulls managed to gather momentum and raise the price up. Between the 15th and 27th of May, the price of VeChain moved as high as $0.0080 but the bulls found resistance. On the first day of May, the price of VeChain was $0.00670. On the 31st of May, VET closed at &$0.007544. The market capitalization of VeChain increased by more than 12.60% during this period. Towards the end of May, the Stochastic indicator was in the oversold region. This proved that the bears have run out of steam and the bull were preparing for a comeback. This is why it wasn’t a surprise when the price of VeChain started a mini bull run this month.
VeChain Thor Price Prediction – VeChain News Today – VeChain Price Forecast – Current Price Of VeChain
At the time of writing, the price of VeChain was $0.007670. This means that it is up by 2.61% against the USD and up by 1.07% against the price of BTC. The trading volume over a 24 hour period is $16,033,628 and the market capitalization is $425,342,028. Within the next few trading sessions, the price of VeChain is most likely going to move above the $0.0090 level paving a way for more gains above $0.0100.
What do you think about the VeChain Thor price prediction on our VeChain news today? Share your thoughts about the current price of VeChain 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.
