VeChain had a stellar start in 2023 as it doubled in price between January to early March. It went from a low of $0.015 to a high of $0.032 in less than 60 days. Investors made stellar profits during this period as their portfolios doubled in a short period. However, things went on downhill in mid-March as VET shed all its gains and fell below the $0.019 mark. The supply chain-based cryptocurrency is yet to recover from the crash and is mostly heading south than north.
Now that VeChain is trading at $0.020 levels, will it skyrocket in price or dip further in June 2023? Here’s a VET price prediction for the next few days. Let’s find out how high or low the cryptocurrency could trade in the indices in the upcoming weeks.
VeChain Price Prediction: June 2023 For VET
Leading on-chain metrics and price prediction firm CoinCodex has painted a bearish picture for VeChain in June 2023. According to the price prediction, VET could shed nearly 10% from its current price of $0.019 by the end of June. CoinCodex has predicted that VET’s price could head south to $ 0.019008 by the end of June 2023. That’s a fall of nearly 6.5% from today’s price.
The Daily Simple Moving Average (SMA) and Daily Exponential Moving Average (EMA) also calls for ‘sell’. The overall technical analysis labeled VET as 73% bearish. Therefore, VET might deliver losses for investors who take an entry position in June. It is advised to remain cautious before taking a buy call into VeChain. The cryptocurrency could also remain trading sideways throughout Q3, forecasted the prediction.
At press time, VeChain was trading at $0.020 and is down 2.5% in the 24-hours day trade. VET is also down 92.76% from its all-time high of $0.28, which it reached in April 2021.