- VeChain Price Jumps by 0.84%, $0.00372 Next Possible Resistance
Recent activity on the hourly chart for VET/USD has seen the price of VeChain increase in the last 24 hours. VeChain has now increased by 0.84% in the past 24 hours. A critical analysis of the chart shows that the next resistance position for the digital asset is expected to be at $0.00372.
VeChain Price is still hovering around $0.00369551 and $0.00345734
The charts show that VeChain has moved up by a 0.84% margin in the last 24 hours. The value of the coin is still hovering at the $0.0035 area. There have been three price swings for VET within the last 24 hours of trade. After the action, the price trend for the coin has fallen in the ranges between $0.00369551 and $0.00345734.
As of press time the price of VET was trading at $0.003557. The digital asset has a total market cap of $197,249,460 and a 24-hour trading volume of $28,914,377. VeChain’s current overall market supply stands at 55,454,734,800 VET.
VeChain opened trading for the day at the $0.00355496 price position. In the next 10 hours and 45 minutes via the hourly chart of the pair, the VET went on to add another 2.98%. This took its price to $0.00366090. This was followed by a sharp price decline of 5.56%. The decline pushed the price of VeChain to $0.00345734, which marked its lowest point for the day.
From that point onwards, the price of VET started showing some signs of strength. It went on to achieve a 6.87% hike as of 00:20 UTC, on October 15. The last swing for VET added $0.0002 to the coin’s value and pushed its price over the $0.00369551 area.
As of press time, the total market capitalization of VET has faced a block during the last 24 hours. That is between October 14 and 15. VeChain’s total market capitalization has been down to a reasonable extent. It dropped from $202.084 million to $199.873 million.
VeChain (VET) Price Today – VET / USD
Name Price 
$0.00 
$0.00
The 50-day average of VeChain currently stands at the $0.00388616 area. The coin’s 20-day average is moving at $0.00356084. The coin’s current price trend is about 7.7% under the 50-day average. VeChain price is also 0.68% above its 20-day average pattern.
Going by this price action, we can expect the next resistance position for the digital asset to come at the $0.00372 area. This could happen in the coming days.
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.
