VeChain (VET) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has lost 1.09% to $0.05764496574.
InvestorsObserver gives VeChain a moderate volatility rank of 40, placing it in the bottom 40% of cryptos on the market.
The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day.
VET’s moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
VeChain price is well positioned going forward. With support set at $0.0563123492354455 and resistance around $0.0583238122815194. This leaves VeChain with room to run before facing selling pressures.
What is a Coin?
A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.
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