VeThor Token Price Prediction — Will VTHO Hit $0.03 Soon?
- Bullish VTHO price prediction is $0.005002 to $0.024790
- The VTHO price will also reach $0.03 soon.
- VTHO’s bearish market price prediction for 2022 is $0.001885.
In VeThor Token’s (VTHO) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about VTHO to analyze the future movement of the cryptocurrency.
VeThor Token Current Market Status
According to CoinGecko, the price of VTHO is $0.00325025 with a 24-hour trading volume of $6,607,290 at the time of writing. However, VTHO has decreased nearly 4.5% in the last 24 hours.
Moreover, VTHO has a circulating supply of 45,630,774,011 VTHO. Currently, VTHO trades in cryptocurrency exchanges such as Binance, Mandala Exchange, Gate.io, MEXC, and HitBTC.
What is VeThor Token (VTHO)?
VeThor Token is one of the two tokens employed by the VechainThor public blockchain. The Vethor Token is a VIP-180 Standard token, that represents the cost of using the VeChainThor blockchain. VTHO is unique due to the fact that it is a VIP-180 standard token. while VeChain Token (VET) performs as the primary value-transfer token, VTHO is an inseparable part of the operation of VeChainThor. The network relies on a proof-of-authority (PoA) consensus mechanism, which allows it to validate transactions more swiftly.
VeThor Token (VTHO) Price Prediction 2022
VeThor Token holds the 315th position on CoinGecko right now. VTHO price prediction 2022 is explained below with a daily time frame.
Descending channel pattern consists of two parallel lines with a downward slope. It forms when the chart demonstrates consistently lower highs and lower lows. the upper line is identified first, as running along the highs and is called the trendline. the lower line is identified as parallel to the trendline, running across the bottom. It is the bearish chart pattern defined by a trendline supporting the series of lower lows and a diagonal resistnace level connecting the lower highs. descending channels are useful due to their ability to predict overall changes in trends.
Currently, VTHO is in the range of $0.00325025. If the pattern continues, the price of VTHO might reach the resistance level of $0.004495 & $0.005330. If the trend reverses, then the price of VTHO may fall to $0.003235.
VeThor Token (VTHO) Support and Resistance Level
The below chart shows the support and resistance level of VTHO.
From the above daily time frame, it is clear the following are the resistance and support levels of VTHO.
| Resistance Level 1 | $0.005002 |
| Resistance Level 2 | $0.007815 |
| Resistance Level 3 | $0.012695 |
| Resistance Level 4 | $0.017446 |
| Resistance Level 5 | $0.024790 |
| Support Level 1 | $0.003149 |
| Support Level 2 | $0.001885 |
The charts show that VTHO has performed a bullish trend over the past month. If this trend continues, VTHO might run along with the bulls overtaking its resistance level at $0.024790.
Accordingly, if the investors turn against the crypto, the price of the VTHO might plummet to almost $0.001885, a bearish signal.
VeThor Token Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of VTHO is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of VTHO lies below the cutoff line, indicating weaker participants in the current trend.
More so, the VTHO’s Moving Average (MA) is shown in the chart above. Currently, VTHO is in a bearish state. Notably, the VTHO price lies below 50 MA (short-term), so it is VTHOletely in a downward trend. Therefore, there is a possibility of a reversal trend of VTHO at any time.
Meanwhile, the relative strength index (RSI) of the VTHO is at level 35.99. This means that VTHO is in a nearly oversold state. However, this means a major price reversal of VTHO may occur in the upcoming days. So, traders need to trade carefully.
VeThor Token Price Prediction 2022 — ADX, RVI
Let us now look at VeThor Token’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of VeThor Token. Currently, VTHO lies in the range of 11.127487, so it indicates a weak trend.
From the above chart, the Relative Volatility Index (RVI) of VTHO. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of VTHO lies below the 50 levels, indicating that the direction of volatility is low. In fact, VTHO’s RSI is at 35.99 level thus confirming a potential sell signal.
Comparison of VTHO with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and VeThor Token.
From the above chart, we can identify the trend of the ETH, BTC, and VTHO is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and VTHO also increases or decreases respectively.
Conclusion
With continuous improvements in the VeThor Token network, we can say that 2022 is a good year for VTHO. For this reason, the bullish price prediction of VeThor Token in 2022 is $0.024790. On the other hand, the bearish VTHO price prediction for 2022 is $0.001885.
Furthermore, with the advancements and upgrades on the VTHO ecosystem, the performance of VTHO would help to reach above its current all-time high (ATH) $0.04671227 very soon. But, it might also reach $0.03 if the investors believe that VTHO is a good investment in 2022.
FAQ
1. What is VeThor Token?
VeThor Token is one of the two tokens employed by the VechainThor public blockchain.
2. Where can you purchase VTHO?
VTHO has listed on many crypto exchanges which include Binance, Mandala Exchange, Gate.io, MEXC, and HitBTC.
3. Will VTHO reach a new ATH soon?
With the ongoing developments and upgrades within the VTHO platform, it has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of VeThor Token?
On August 29, 2018, VTHO reached its new all-time high (ATH) of $0.04671227.
5. Is VTHO a good investment in 2022?
VeThor Token (VTHO) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of VTHO in the past few months, VTHO is considered a good investment in 2022.
6. Can VeThor Token (VTHO) reach $0.03?
VeThor Token (VTHO) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then VeThor Token (VTHO) will hit $0.2 soon.
7. What will be the VTHO price by 2023?
VeThor Token (VTHO) price is expected to reach $0.045 by 2023.
8. What will be the VTHO price by 2024?
VeThor Token (VTHO) price is expected to reach $0.057 by 2024.
9. What will be the VTHO price by 2025?
VeThor Token (VTHO) price is expected to reach $0.064 by 2025.
10. What will be the VTHO price by 2026?
VeThor Token (VTHO) price is expected to reach $0.08 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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