VeChain (VET) has been relatively less volatile when compared to other cryptocurrencies. So far Saturday, the crypto has advanced 8.77% to $0.0206877732.
InvestorsObserver gives VeChain a low volatility rank of 20, placing it in the bottom 20% 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 pairs 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 above resistance. With support at $0.0184397382657956 and resistance at $0.0198745412748288. This leaves VeChain out of range and potentially in a volatile position if the rally burns out.
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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