VeChain price gains massively and hits a fresh All-Time High at the onset of this new year 2021 after gaining in the 3rd quarter of the previous year. VET/USD, in the last year, hit a yearly high at $0.0233, and as predicted in the VeChain price prediction, it has enticed investors’ towards the VeChain network.
VeChain has been extending its horizon in different fields to amplify its use case and is one of the market’s lucrative crypto platforms. VeChain’s price dynamics were the weakest and was testing major supports until the 1st two quarters of the previous year.
VET/USD, with its complete bullish momentum, is a profit-making platform with the fact that it has marked amazing partnerships and entered into strategic collaborations with statement companies.
Bitcoin is an avenue that all the investors prefer when it comes to investing money in crypto, but when investors categorize their investments as per the featuring platforms viz., smart contract, DeFi, etc. Therefore, crypto investors or potential crypto investors will definitely opt for smart contract investments like VeChain, which will provide real utility and enough potential.
VeChain Price Analysis
VeChain hit a fresh All-Time High in the wee hours of the trading session today and currently trades at $0.0306 with a steep candle rise against the US Dollar. With this, the price trend breaches the upper 20-day Bollinger Band on the daily chart, and as the Bands widen, a volatile upside movement is predicted. It was in the last week of the previous year when the altcoin market was seen shedding gains just when the largest cryptocurrency by market capitalization, Bitcoin, was seen hitting fresh ATHs.
With the regaining of momentum in the altcoin market, VeChain is already hitting a fresh ATH, and for the fact that it did not pullback when the altcoin market crashed, it has got steady and active support at $0.0171 and $0.0148.
The technicals are very much bullish for the fact that the ATH marked on Jan 06, 2021, is acting as a catalyst for the bullish sentiment and divergence on the MACD chart. The VET coin’s RSI is also breaching the overbought region due to high demand and is lying at 76.17.