VET Price Analysis

Market Overview

From a fundamentals perspective, VeChain demonstrates significant liquidity with a 24-hour trading volume of $55.92M. The circulating supply has reached 85985041177, aligning with its current market capitalization of $2.17B. Market sentiment remains cautious, with the Fear & Greed Index at 26—placing the market squarely in 'Fear' territory according to the Fear classification. This environment often results in measured trading activity and a tendency toward defensive investor positioning. Average hourly and daily volumes, reported at $56.77K and $1.36M, respectively, reinforce VeChain’s standing as a liquid, well-traded asset. Overall, the project’s robust supply fundamentals and solid trading activity are tempered by prevailing cautious sentiment.

Technical Analysis

VeChain’s recent price action reflects mixed momentum, with the current valuation at $0.03. On the technical front, the short-term Simple Moving Averages (7 and 30 period) show an upward trajectory, signaling emerging bullish sentiment in the near term. However, the medium- and long-term 90 and 200-period SMAs trend downward, indicating that the broader trend still faces resistance. Volatility remains elevated over the past 24 hours at 0.85%, which could suggest that price swings may persist in the short run. The daily price change is recorded as -3.33%, while the weekly metric stands at 0.00%—an indication of stabilization compared to more volatile intervals. In summary, technical signals are currently conflicting, with short-term upward movement potentially offset by macro resistance levels.