VeChain currency was traded at $0.00717000 as on November 28, 2019 with a bullish trend. On December 1, 2019, it dropped down to $0.00574400. On the next day, VET coin managed to bounce back well and escalated by a massive 54.77% with the price reaching $0.00889000 which was also the highest price for the month. The trend continued to be bullish and it was traded at $0.00818151 on December 3 and at $0.00750000 on December 9. Due to multiple falls post this date, the VET price dropped by 21%.
After this huge drop, the trend changed with the bears controlling VeChain price. There was another major setback as the currency dipped by 27% and reached as low as $0.00460860 on December 18, 2019. While writing this analysis, the currency continues to trade below the baseline.
VeChain Price Analysis:
VET coin indicates a downtrend and the price reached $0.005590 by 17.31% as compared to the price of December 24, 2019. Currently, the coin trades downwards but as per the analysts of Trade99, VeChain may reverse the trend and trade upwards.
You may use your discretion to either purchase VET today or even holds some old coins. The previous month’s movement shows a mixed trend with the bears dominating it since mid of this month. It is advisable to trade from a long-term perspective to gain considerable return.