VeChain

Get VeChain (VET) all time high price, historical charts, latest news and other information.

According to VeChain pricing analysis, VET prices have been moving sideways over the last few days.

VET prices moving sideways as seen in the past few days
 VeChain price fluctuating in the $0.02 and $0.027 range
VET price is down by 0.5%

Nevertheless, because the prices have been trading above the crucial support level of $0.02412, there has been a minor bullish bias in the prices. At $0.02474, the prices are now being rejected.
As of this writing, VET is trading at $$0.02491, down 0.5 percent in the last 24 hours.
It turned out that the low volume breakout was a fakeout. As a result, the price of the VET cryptocurrency has started to decline once more. Now, the price seems to be oscillating between $0.02 and $0.027. Since June 2022, this area has served as a superb zone for accumulation.
After Jerome Powell, the chairman of the US Federal Reserve, made some hawkish comments, cryptocurrencies are once more on a downward trend. The recent downward price movement of Bitcoin and Ethereum has exacerbated the selling pressure.

VET/USD Trades Above 200-Day MA
According to CoinMarketCap, the 4-hour price chart for the VET/USD pair demonstrates that it has been moving sideways over the last few days. The range of the prices has been between $0.02412 and $0.02474. 
The VET/USD is trading above the 200-day moving average, which suggests a minimal bullish bias.
The RSI indicator is close to the 70 mark and is now in overbought territory. The RSI line has more room to rise, which suggests that prices also have more room to rise. The MACD indicator is currently moving upward and towards the positive region.

Source: TradingView.com
In the near future, prices may rise in response to a crossover of the MACD line. Price increases are anticipated to continue so long as they stay above $0.02474.
Following a period of consolidation, the bulls are attempting to propel prices higher, according to the VeChain price analysis. Although the bulls have had difficulty driving prices higher, the recent market movement appears encouraging. In the near future, prices may move in the direction of $0.03250 if the next level of resistance at $0.02474 is broken.
RSI Suggests VeChain Crossing Overbought Zone
Meanwhile, a bearish crossover of the MACD indicator might drive prices down to the $0.02412 level. The MACD indicator is on the verge of crossing into the bearish zone. The RSI indicator is currently overbought, and a decline can signal that a correction in the price is imminent. The MA lines are in close proximity to one another, and a crossover can move prices either way.
As per VeChain’s price analysis, as long as prices are over $0.02474 in the near future, they are predicted to rise further. The technical indicators on the 4-hour and 1-day timeframes imply that the market is currently in a bullish zone, and the digital asset appears poised to continue its ascent higher.
In other news, Canadian SaaS platform TrueTrace Technologies and VeChain have joined forces. The newest partner would introduce its clients to the VeChain ToolChain. By registering on the leading cryptocurrency exchange Binance, you can purchase VeChain and make investments in its core platform.


VET total market cap at $1.8 billion on the daily chart | Source: TradingView.com

Featured image from MotivationGrid, chart from TradingView.com


According to VeChain pricing analysis, VET prices have been moving sideways over the last few days. VET prices moving sideways as seen in the past few days  VeChain price fluctuating in the $0.02 and $0.027 range VET price is down by 0.5% Nevertheless, because the prices have been trading above t...

newsbtc.com

VeChain Pulled In Sideways Motion As VET Price Faces Rejection At $0.0247

The VeChain Foundation recently revealed a partnership with Amazon Web Services (AWS) to support their VeCarbon platform. The product will enable companies to obtain information on their carbon footprint to properly manage it and remain compliant with emissions targets.

Across the world, countries like China have set strict carbon emission goals that must be met by every company and individual. Carbon management services such as VeCarbon become a crucial tool to meet these goals.
However, the platforms that provide these services need large-scale storage and analytics solutions. This is where Amazon Web Services comes in.
The company praised VeCarbon’s approach of merging VeChain’s blockchain with a carbon-neutral digital infrastructure. The platform will combine these technologies with a team of experts with “a great deal of experience providing carbon asset management services”, according to an official post.
These experts work under Shanghai Tanlian Technology, the company behind VeCarbon, and a VeChain partner. The VeChain Foundation claimed the following on their partnership with Amazon Web Services and their potential to support this platform:
With their assistance (Amazon Web Service), technical guidance and established, robust cloud service platform, VeCarbon will be able to deliver the scale, analytical capability and security needed to deliver a national-scale, multi-industry carbon management platform.
AWS will provide VeCarbon with its computing power and with the “massive” resources its needs to provide its services. The company will enable the carbon management platform to run on “versatile computing and processing capabilities”.
Gong Diyun, Executive Director of Shanghai Tanlian’s business strategy, said the following about their cooperation with AWS and why this company makes a perfect match to reach their goals:
AWS’s approach to carbon neutrality aligns well with our development philosophy, including the use of renewable energy in cloud infrastructure and efforts to help customers calculate the environmental impact of workloads on the cloud through the launch of a carbon footprint tool (…).
VET’s price trends to the downside on the 4-hour chart. Source: VETUSDT Tradingview
The Benefits Of The Amazon And VeChain Partnership
The partnership will allow companies and individuals to reduce expenses and to provide their companies with data analytics with the potential to be turned into “valuable business insights”, the official post claims. AWS will also provide VeCarbon with its security features.
Thus, the platform will run with the power of the blockchain and the security of a company such as Amazon. This will provide it with “unmatched cloud security”.
VeCardon will connect and integrate with the client’s system. Users will have access to a suite of Internet of Things (IoT) applications, and data-driven tools.
The service has been integrated with a variety of companies across multiple sectors, these include the cement and building industry, the food, agriculture, and transportation sectors in China. These clients will be able to benefit from the “cost optimization of the VeCarbon carbon management” system.
Diyun added:
The diverse services provided by AWS can be used on demand, and be flexibly adjusted according to business needs. This method not only helps us reduce business expenses and negates the need for industry customers invest in expensive fixed assets, but it can be deployed in an off-the-shelf manner.

In the coming months, AWS and VeChain will deepen their cooperation to introduce new features and integrate Shanghai Tanlian to the Amazon Web Service Partner Network (APN). Thus, the company might see a boost in adoption and customer seeking their services.


The VeChain Foundation recently revealed a partnership with Amazon Web Services (AWS) to support their VeCarbon platform. The product will enable companies to obtain information on their carbon footprint to properly manage it and remain compliant with emissions targets. Across the world, countrie...

VeChain price	$0.022378
Low - High 24H	$0.022218 - $0.023197
Market cap	$1.62B
Volume 24H	$60.56M
All time high	$0.280991 -92.06% April 19th 2021
All time low	$0.001917 1063.36% March 13th 2020
Genesis date	N/A

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