Vechain Price Prediction: Will VET Crypto Price See An Upside Despite The Loss In TVL?

• VET TVL has seen a loss of over 34% in TVL in the last 30 days.
• Vechain coin price is currently seeing a downside trend. Meanwhile, VET/BTC pair has seen a loss of over 0.35% in the intraday session

Vechain is a versatile smart grade smart contract platform. Vechain was launched in 2018 and aims to use distributed governance to create a new ecosystem.VET is looking to disrupt the traditional business model and the supply chain industry. They are looking to build a decentralized eco system with high profile clientele.Meanwhile Vechain protocol has seen a 35% decrease in the TVL.VET has seen an increased volatility in the past few days. Various analysts are expecting a strong increase in price in the future.VET has an ROI of 28% and is currently down by more than 93% from its all time high.

VET crypto is currently ranked 34th in the cryptoverse and has a market cap of $1.39 Billion.Volume of the VET crypto price has seen a jump of over 36% in the intraday session. Volume to market cap ratio of VET coin price suggests a consolidated trend in price.

Are Bulls Of VET Getting ReadyTo Push The Price?

Vechain coin price is currently observing a consolidated trend from the past few weeks. On coming to the daily chart VET coin price is currently trading near the value of $0.019 with a loss of over 0.8%. Resistance of the Vechain can be seen near the value of $0.03. Meanwhile the support of the price can be seen near $0.01. The asset price is currently trading below the value of 50 and 100 Daily Moving Average. If there is a negative crossover then a strong downside trend can be seen.

Conclusion

Vechain has seen a loss in TVL by 35% in the past 30 days. VET crypto price is currently trading in a consolidated trend. VET coin price can see a strong upside trend in the future.

Technical Levels

Major Resistance:$0.025

Major Support: $0.01

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

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