While the VeChain Thor price prediction is bullish mid and long-term, it is still not living up to expectations. The VeChain partnerships and developments are not in line with the price of VeChain. According to the latest VeChain Thor price prediction on Cryptopolitain.com, the price of VeChain VET is primed for a mini bull run near-term.
One of the problems facing small capital coins is market manipulation. When the market capitalization of a token is small, whales can easily manipulate the price and trading volume for their benefit. Among all the small market capitalization coins, the VET volume is the least manipulated. This is one reason why VeChain is a good investment. Apart from this, the VeChain partnerships that have been sealed by the VeChain Foundation are all meant to increase the adoption of the blockchain and the VET token. This makes it a solid investment option long-term.
VeChain Thor Price Prediction
At the time of writing, the price of VeChain was $0.007369. This means that it is down by 1.84% against the USD. Within the next few trading sessions, the price of VET will most likely surge higher against the USD.
VeChain (VET) Price Today – VET / USD – VET Coin
After the mini bull run price correction came up. Against the price of BTC, VeChain has been able to cross the resistance at 107 satoshis. This is a good sign as it was unable to break this resistance the first and second time around. The breakdown of the level of VeChain is at 95 satoshis. This is a major support level. If the price of VeChain doesn’t hold this support, it will fall as low as 80 satoshis near-term.
On the upside, if the price of VeChain is able to move above the resistance at 110 satoshis, it will enter a major bull run moving as high as 123 satoshis and even 150 satoshis near-term. If you don’t have VET tokens in your portfolio already, this may be a good time to buy some. If you already have, you should consider waiting for the mini bull run before you can take your profit. There is a bullish pennant pattern forming at this time. This shows that the bullish trend will continue near-term.
VeChain News Today – VET Price Analysis
VeChain is making the headlines these days because of VeChain partnerships and VeChain Thor price predictions. Since the beginning of the year, the VeChain price action has been mainly bullish against the USD. Granted, there were some days when the price of VeChain VET was stuck in a downtrend but the overall outlook is still positive. The good thing is that it was able to overcome this downtrend and maintain a bullish outlook long-term.
At the beginning of the year, VET coins opened at 0.003980 USD, and now the current price is recorded as 0.007026 USD, which means the coin has shown 2x growths till now.
The steady upward movements of VeChain coins can make them touch $0.25 by the end of 2019.