VeChain Is Consolidating This Week After Falling Deep To $0,08

VeChain price is currently $0.113244 with a 24-hour trading volume of $55,870,535. After falling sharply to the $0.08 level, VET is on its way to reclaiming its prior consolidation level. It is currently trading around the $0.08 level. Vechain Thor is a cryptocurrency that aims to provide a new level of transparency in the supply chain industry. Its decentralized nature enables users to easily follow the chain. The VET token has shown a significant up move at a make or breaking level, which indicates a potential for continued decline.

The strength index for the token has also reached 56. The recent jump has been very strong, and it has marked a gain of more than 30% in just seven days. VeChain has been trending higher since the beginning of October. It has been trying to break through the upper limit of $0.1165 and reach its 200 DMA levels. This level will allow the token to attempt another 200 DMA.