The VeChain (VET) is a cryptocurrency with a market cap of $3.7 billion and the 15th most capitalized coin by market cap. VET has been trading since June 30, 2017 and has seen its price fluctuate between $0.01 and $1.00 throughout that time frame.
The vechain price prediction end of 2021 is a technical analysis for VeChain (VET). The article will discuss the projected price, as well as the factors that may affect the price.
We utilize historical data, price trends, RSI, and other information about VET to evaluate the cryptocurrency’s future movement in Technical Analysis of VeChain (VET) for 2021.
VeChain (VET) is a supply chain platform based on blockchain technology. VeChain was founded in 2015 and debuted in June 2016. Its goal is to build an ecosystem that utilizes distributed governance and Internet of Things (IoT) technologies to address some of the most pressing supply chain management issues.
Current Market Situation for VeChain (VET)
At the time of writing, the VET price was $0.129, with a 24-hour trading volume of $1,374,535,788, according to CoinGecko. However, in the past 24 hours, VET has risen by 13.3 percent.
In addition, there are 66,760,741,299 VET in circulation. VET is now available for purchase on Binance, Tokocrypto, Huobi Global, Upbit, and FTX exchanges.
VeChain (VET) Technical Analysis 2021
VeChain (VET) is now ranked 21st on CoinGecko. VET may be pushed to new heights by current advancements and improvements. Let’s take a closer look at the VET technical analysis for 2021. The VeChain (VET) daily time frame chart is given below.
Ascending Channel Trend Pattern in VET/USDT
The price movement confined between upward sloping parallel lines forms the Ascending Channel Trend pattern. Furthermore, if the pattern continues to the upward, the price will shortly hit $0.7.
RSI for VeChain (VET)
VET’s relative strength index (RSI) is shown in the graph below.
The RSI is still at 79.56, as seen in the chart above. This indicates that VET’s price is almost overbought. This, however, demonstrates that a big price reversal may occur at any moment.
RVOL VeChain (VET)
The Relative Volume of VET is shown in the graph below. It’s a metric that shows traders how the current trading volume has evolved over time in comparison to the prior trading volume.
The RVOL of VET is now below the cutoff line, indicating the weaker players in the current trend.
Moving Average for VeChain (VET)
The chart below depicts VET’s Moving Average (MA). MA aids traders in identifying patterns.
VET is now in a bullish phase. Notably, the VET price is rising above the 50-day and 200-day moving averages, indicating that the coin will become fully bullish in the near future. However, a significant price reversal may occur at any moment.
Bitcoin and VeChain (VET) Price Comparison
The price comparison between VET and BTC is shown in the graph below.
Chart comparing the prices of VET and BTC (Source: TradingView)
The trend of the BTC can be seen on the chart, and VET is going in lockstep with the trend. This means that when the price of BTC rises or falls, the price of VET rises or falls as well.
With the continuing improvements and updates to the VET platform. In current crypto economy, VeChain has a bright future ahead of it. VET, on the other hand, has the potential to reach unprecedented heights.
$0.8 is the bullish VET price forecast for 2021. As previously said, it has the potential to reach tremendous heights, even $1, if investors believe that VET is a smart investment in 2021.
What is VeChain (VET) and how does it work?
VeChain is a supply chain platform based on blockchain technology. VET is the VeChain network’s native token.
Where can VET be purchased?
Binance, Huobi Global, FTX, Upbit, and VCC Exchange are just a few of the cryptocurrency exchanges that have VET listed. In which the cryptocurrency may be exchanged for fiat money, stablecoins, and other cryptocurrencies.
Will VET soon hit a new ATH?
With the VET platform’s continuing improvements and enhancements, it has a good chance of achieving its new ATH shortly.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
You’ve been recommended
The vechain price prediction 2040 is a technical analysis for the VeChain cryptocurrency. It includes the expected price, the risk/reward ratio, and other important information.
Frequently Asked Questions
Is Vet worth investing in 2021?
It is difficult to say at this point. The market for vet stocks has been very volatile in the past few years, and it is hard to predict which way it will go.
What will vets be worth 2021?
Can you trade Crypto with technical analysis?
Yes, I can provide you with a brief explanation of how technical analysis works.
- vechain price prediction 2025
- vechain price prediction next bull run
- vechain price prediction long term
- vechain price prediction 2022
- vechain price prediction $75