VeChain is Trading -13.86% Below Our Price Prediction for Feb 23, 2023
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
- VeChain is down -4.04% today against the US Dollar
- VET/BTC decreased by -4.10% today
- VET/ETH decreased by -3.29% today
- VeChain is currently trading 13.86% below our prediction on Feb 23, 2023
- VeChain gained 35.35% in the last month and is down -49.20% since 1 year ago
| VeChain price | $ 0.027108 |
| VeChain prediction | $ 0.031469 (16.09%) |
| Sentiment | Neutral |
| Fear & Greed index | 60 (Greed) |
| Key support levels | $ 0.025256, $ 0.022784, $ 0.021180 |
| Key resistance levels | $ 0.029332, $ 0.030935, $ 0.033407 |
VET price is expected to rise by 16.09% in the next 5 days according to our VeChain price prediction
VeChain price today is trading at $ 0.027108 after losing -4.04% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 4.99% in the same time period. VET performed poorly against BTC today and recorded a -4.10% loss against the world’s largest cryptocurrency.
According to our VeChain price prediction, VET is expected to reach a price of $ 0.031469 by Feb 23, 2023. This would represent a 16.09% price increase for VET in the next 5 days.
VET Price Prediction Chart
What has been going on with VeChain in the last 30 days
VeChain has been displaying a positive trend recently, as the coin gained 35.35% in the last 30-days. The medium-term trend for VeChain has been bullish, with VET increasing by 45.61% in the last 3 months. The long-term picture for VeChain has been negative, as VET is currently displaying a -49.20% 1-year price change. On this day last year, VET was trading at $ 0.053362.
VeChain reached its all-time high price on Apr 19, 2021, when the price of VET peaked at $ 0.282922. The current VET cycle high is $ 0.028463, while the cycle low is at $ 0.015342. VET has been displaying low volatility recently – the 1-month volatility of the coin is at 6.06. VeChain recorded 18 green days in the last 30 days.
VeChain technical analysis for today - Feb 18, 2023
The sentiment in the VeChain markets is currently Neutral, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.025256, $ 0.022784 and $ 0.021180, while $ 0.029332, $ 0.030935 and $ 0.033407 are the key resistance levels.
Neutral sentiment for VeChain
21 indicators are currently signaling a bullish prediction for VeChain, while 10 indicators are showing a bearish forecast. With 68% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for VeChain.
Crypto market is currently experiencing Greed
Currently, the Fear & Greed index is at 60 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
VeChain moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how VeChain is positioned in the market right now.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 0.025908 (BUY) | $ 0.027728 (SELL) | - | - |
| MA5 | $ 0.024913 (BUY) | $ 0.026111 (BUY) | - | - |
| MA10 | $ 0.024465 (BUY) | $ 0.025031 (BUY) | - | - |
| MA21 | $ 0.024395 (BUY) | $ 0.024264 (BUY) | $ 0.021306 (BUY) | $ 0.022754 (BUY) |
| MA50 | $ 0.021499 (BUY) | $ 0.022502 (BUY) | $ 0.029800 (SELL) | $ 0.032622 (SELL) |
| MA100 | $ 0.019916 (BUY) | $ 0.021692 (BUY) | $ 0.069784 (SELL) | $ 0.043145 (SELL) |
| MA200 | $ 0.022449 (BUY) | $ 0.024759 (BUY) | $ 0.041058 (SELL) | $ 0.043933 (SELL) |
| Period | Value | Action |
| RSI (14) | 64.57 | NEUTRAL |
| Stoch RSI (14) | 66.06 | NEUTRAL |
| Stochastic Fast (14) | 88.19 | SELL |
| Commodity Channel Index (20) | 66.67 | NEUTRAL |
| Average Directional Index (14) | 28.88 | BUY |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -11.81 | SELL |
| Ultimate Oscillator (7, 14, 28) | 61.51 | NEUTRAL |
| VWMA (10) | 0.02 | BUY |
| Hull Moving Average (9) | 0.03 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.02 | NEUTRAL |
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for VeChain is at 64.57, suggesting that VET is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of VeChain over the last 50 days. Currently, VeChain is trading below the SMA 50 trendline, which is a bearish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the VET closing price for the last 200 days. VET is now trading below the SMA 200, signaling that the market is currently bearish.
The bottom line about this VeChain prediction
After considering the above factors, we can conclude that the current forecast for VeChain price prediction is Neutral. VET would have to increase by 16.09% to hit our $ 0.031469 target within the next five days. Moving forward, it will be important to monitor the VET market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term VeChain price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
