With a 12.48% Jump Will VET Embark on an Affirmative Trade?

VeChain (VET) price has been under bear pressure for the most part of this year, according to VeChain News. The price has been continually in the lower range. However, the past one-day price chart indicates a lot of downward and upward fluctuations for the coin with the price of VET moving in the range of $0.0051–$0.0058.

VeChain Price Analysis:

VeChain price had performed exceptionally well, as seen from the one-day price trend on Nov 7, even when the crypto market was under solid bearish pressure. The price of VET was at a low of $0.0051 at 00:51 UTC. The price notably traveled upwards to the extent of 7.95% at 8:58 UTC to trade at $0.0056. The price had a low moment when it fell to $0.0052, the fall being 7.15%. The price oscillations continued, and the price went on an upward rally of 12.48% to trade around the price area of $0.0058 at 14:21 UTC. At 23:31, the price of VET again fell to $0.0056, and the fall was to the tune of 3.12%. VET had a good day yesterday; it has to be seen whether it will be able to sustain this momentum in the days to come.

VeChain price has been undergoing a lot of variations due to the continuous crypto market volatility factor. The bears are in no mood to relent, and the price of VET was being continually hammered, but in the past one day on Nov 07, the price showed some positive upward movements. VET will be able to perform well if it could maintain this momentum in the short run, according to analysts.

Long-term investors should continue to hold on to their investments as now there is too much volatility in the crypto market, and they could incur losses if they take any trading actions. Check Vechain Price Prediction at our forecast section to get more knowledge about the price of VeChain.