cryptocurrency

VeChain (VET) 2022 Price Prediction – Will VE Reach $0.1 Soon?

  • A bullish VET price prediction is $0.02680 to $0.06397.
  • VeChain (VET) may also reach $0.1 soon.
  • The bearish VET price prediction for 2022 is 0.02018 dollars.

In our VeChain Price Prediction (VET) 2022, we use statistics, price patterns, RSI, RVOL, and other information about VET to analyze the future movement of cryptocurrencies.

Current Market Status for VeChain (VET)

according to Queen GekkoPrice of VeChain (VET) is $0.02617420 with a 24-hour trading volume of $64,649,629 at the time of writing. However, VET has decreased by about 2.6% in the past 24 hours.

Furthermore, VeChain (VET) has a circulating supply of 72,511,146,418 VET. Currently, VeChain (VET) trades on crypto exchanges such as Binance, FMFW.io, Upbit, WhiteBIT, and KuCoin.

What is VeChain (VET)?

VeChain (VET) is the original token that runs on VeChainThor, a public layer 1 blockchain. VET was initially launched as VEN, an ERC-20 token, on the Ethereum blockchain. Later in 2018, VEN was replaced by the VeChainThor blockchain.

VeChain is based on a two-token system that hosts tokens, VET and VTHO. VET is used as a payment token in the DeFi space while the latter acts as an energy token to facilitate transactions. The blockchain is based on the Proof of Authority (PoA) consensus which requires auditors to participate in at least 25 million VETs in “master nodes of authority” along with presenting their real identities.

VET use cases have also extended to off-chain markets. It integrates blockchain-based tracking solutions with the Internet of Things (IoT) deployed in global enterprise supply chain systems.

VeChain (VET) Price Prediction 2022

VeChain (VET) is currently ranked 35th on CoinGecko. The VET price forecast for 2022 is explained below with a daily time frame.

VET/USDT Inverted Head and Shoulder Pattern (Source: TradingView)

The above VeChain (VET) chart has drawn an inverted head and shoulder pattern. It is the inverse of the head and shoulder pattern. Generally, in this pattern, the price action slides down and then goes up. Thus, three bottoms are formed in the pattern, the left shoulder, the head and the right shoulder. This pattern could be a potential signal for the upcoming bullish market. If price action identifies a breakout above neckline resistance, the price may rise to new highs.

Currently, VeChain (VET) is in the $0.02620 range. If the pattern continues, VET price could reach the $0.03638 and $0.06373 resistance levels. If the trend reverses, VET could drop to $0.02599.

VeChain Support and Resistance (VET) Levels

The chart below shows the support and resistance levels for VeChain (VET).

Veterinarian DrUSDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, we can interpret the following as resistance and support levels in the vet.

resistance level 1 $0.02680
resistance level 2 0.03406 USD
resistance level 3 0.04630 USD
resistance level 4 0.06397 USD
Support level 2 0.02018 dollars
Resistance level and veterinary support

The charts show that VeChain (VET) has conducted an upward trend over the past month. If the trend continues, VET may work in tandem with the bulls taking out the resistance at $0.06397.

Accordingly, if investors turn on the cryptocurrency, the price of VeChain (VET) could drop to close to $0.02018, which is a bearish sign.

VeChain (VET) Pricing Prediction for 2022 – RVOL, MA and RSI

The relative volume (RVOL) of VeChain (VET) is shown in the graph below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of VET is below the cutoff line, indicating weakness of participants in the current trend.

Also, the moving average (MA) for VeChain (VET) is shown in the above chart. Notably, the price of VeChain (VET) is below 50 MA (short term), so it is in a downtrend. Currently, the Vocational Education and Training (VET) is in decline. Therefore, there is a possibility of a reversal of the VET trend at any time.

Meanwhile, the Relative Strength Index (RSI) for VET is 40.61. This means that VeChain (VET) is in an oversold state. However, this means that a significant price reversal from VET could occur in the coming days. Therefore, traders need to trade carefully.

VeChain (VET) 2022 Price Prediction – ADX, RVI

Let’s now take a look at VeChain’s Average Directional Indicator (ADX) (VET). It helps to measure the overall strength of a trend. The indicator is the average of the values ​​of the expanding price range. This system attempts to measure the strength of price action in positive and negative trends using DMI indicators with ADX.

The chart above represents the ADX indicator for VeChain (VET). Currently, the ADX indicator for VET is in the range of 30.78226 and therefore it is pointing to a strong trend.

The chart above also represents the VeChain Relative Volatility Index (RVI) (VET). RVI measures the continuous deviation of price changes over a period of time. The RVI of VET is above 50, which indicates high volatility. In fact, the VeChain Relative Strength Index (VET) is at 40.61 confirming a possible buy signal.

Comparison of VET, BTC and ETH

The chart below shows a price comparison between Bitcoin, Ethereum, and VeChain (VET).

BTC Price Comparison vs ETH Vs VET (Source: TradingView)

From the above chart, we can interpret that the price action of VET is similar to BTC and ETH. This indicates that when the price of BTC and ETH goes up, the price of VET goes up, and when the price of BTC and ETH goes down, the price of VET goes down.

VeChain (VET) Price Prediction 2023

If the momentum decline completely slows down and the trend reverses, VeChain (VET) is likely to reach $0.2 by 2023.

VeChain (VET) Price Prediction 2024

With several network upgrades, VeChain (VET) may enter an upward trajectory towards hitting the $1 mark. If the coin attracts the attention of major investors, the VET could rise to $0.3 by 2024.

VeChain (VET) Price Prediction 2025

If VeChain (VET) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next three years, VE will rise to $0.4 VET may establish an all-time high.

VeChain (VET) Price Prediction 2026

If VeChain (VET) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, the vet will rise to $0.5.

VeChain (VET) Price Prediction 2027

If VeChain (VET) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, the VET will rise to $0.6.

VeChain (VET) Price Prediction 2028

If VeChain (VET) maintains a strong position as a better investment option for the next six years, it could drive prices up significantly. Thus, by 2028, Vocational Education and Training (VET) will reach $0.7.

VeChain (VET) Price Prediction 2029

If investors flock and continue to place their bets on VeChain (VET), this will see huge spikes. VET could reach $0.8 by 2029.

VeChain (VET) Price Prediction for 2030

With so much advancement in the VeChain ecosystem, the crypto community may continue to invest in VeChain (VET) over the next eight years and drive the price of the token significantly higher. Thus, VeChain (VET) could reach $0.9 by 2030.

conclusion

With the continuous improvements in the VeChain network, we can say that 2022 is a good year for VET. Because of this, the bullish price forecast for VeChain (VET) in 2022 is $0.06397. On the other hand, the bearish price forecast for VeChain (VET) for 2022 is $0.02018.

Moreover, with developments and upgrades in the VeChain ecosystem, it will help VET performance reach an all-time high (ATH) of $0.280991 soon. But, it could also go as low as $0.1 if investors think VET is a good investment in 2022.

Instructions

1. What is VeChain (VET)?

VeChain (VET) is the original token running on VeChainThor, a Layer 1 public blockchain. It migrated from the Ethereum blockchain to the standalone blockchain in 2018. VeChain provides blockchain-based tracking systems for suplly chain enterprises.

2. Where to buy VeChain (VET)?

VeChain (VET) is listed on several cryptocurrency exchanges including Binance, FMFW.io, Upbit, WhiteBIT, and KuCoin.

3. Will VeChain (VET) Getting to a new ATH soon?

With the continuous developments and updates within the VeChain (VET) platform, it has a great potential to reach ATH soon.

4. What is the all-time high (ATH) level for VeChain?

On April 19, 2021, Vocational Education and Training (VET) reached an all-time high (ATH) of $0.280991.

5. Is VeChain (VET) a good investment in 2022?

VeChain (VET) appears to be one of the most profitable cryptocurrencies this year. According to the recorded investigation, VeChain (VET) appears to be one of the best cryptocurrencies to gain this year. According to VeChain’s record achievements in the past few months, VET is a good investment in 2022.

6. Can VeChain (VET) reach $0.1?

VeChain (VET) is one of the active cryptocurrencies that continues to maintain its bullish state. Finally, if this bullish trend continues, VeChain (VET) will reach $0.1 soon.

7. What will be the price of VeChain (VET) by 2023?

The price of VeChain (VET) is expected to reach $0.2 by 2023.

8. What will be the price of VeChain (VET) by 2024?

The price of VeChain (VET) is expected to reach $0.3 by 2024.

9. How much will a VeChain (VET) cost by 2025?

The price of VeChain (VET) is expected to reach $0.4 by 2025.

10. What will be the price of VeChain (VET) by 2026?

The price of VeChain (VET) is expected to reach $0.5 by 2026.

Disclaimer: The opinion expressed in this graph is that of the author only. It is not to be construed as investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.

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