VeChain (VET) has been relatively less volatile compared to the crypto market. So far Friday, the crypto has increased 3.19% to $0.09397265961.
InvestorsObserver gives VeChain a low volatility rank of 19, placing it in the bottom 19% of cryptos on the market.
The Volatility Gauge tracks which means that one day won’t define its volatility rank – a trend will.
VET’s low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
VeChain price is trading near resistance. With support at $0.0858047966124163 and resistance at $0.095240889883195. This positions VeChain with potential selling pressures ahead as it may be getting over extended.
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.