Blockchain-based companies are revolutionizing the way we do business. One such company that has experienced success in its bid to change organizational processes is VeChain. It offers a unique trading platform for cryptocurrencies on blockchain technology. Their innovative solutions have made these tardy ways of doing things more efficient and effective than ever before.
Cryptocurrencies are all the rage right now, but what about VeChain? Is it worth purchasing or investing in for October? In this article, we present our VeChain Price Prediction for October.
VeChain Price Prediction, Technical Analysis
VeChain has not been an easy ride for VET since its introduction in January 2017. It’s trading at $0.11 with a price change of -0.03%. This makes it rank 27 out of all cryptocurrencies right now. And this may be due to recent news of troubles experienced by one Chinese company using Vechains.
In October 2021, the VET price might cross an average value of $0.12, and by year-end, it could reach as high as $0.13.
VeChain Past Price Analysis
The price for VeChain has been showing an upward trend lately, and it’s a great time to invest. The VET coin was up by 1.66% in the last 24 hours alone. From 7 days ago, we can see how substantial this rise is; 14% uptrend is bearish. This might be a good time to invest in Vechain.
As it turns out, VeChain has been trending up for some time now. After comparing the current price with the past 30 days’ history. And taking into account an average most negligible value of $0.071 per coin as well as maximums reaching to 3 digits ($0.083)
VeChain price predictions for October 2021
The VeChain price has been in a tight range for the past few weeks. It remains above both the ascending trendline and MA’s. Yet, with a symmetrical triangle pattern forming on top of these indicators. They show how stable things are right now.
With the triangle nearing its meeting zone, expectations of rebound are high in October. This view could only become valid if VET prices stage an upward movement. And breakthrough $0.15, which has been seen about 50% higher than current levels. with this opinion invalidated if they move below lower line patterned by triangles