VeTHOr Price Prediction: Will VTHO be Worth in 2021?

VeTHOr Price Prediction: Will VTHO be Worth in 2021?
  • VITE is a Directed Acyclic Graph-related smart-contract platform.
  • Bullish VITE price prediction ranges from $0.275  to $0.5
  • VITE might show excellent market performance this 2021 reaching new ATH.

This VeTHOr Price Prediction 2021 article is based on technical analysis alone. In this article, you can see the key measures that were taken into consideration upon coming up with our VTHO price analysis and prediction.

Nowadays, cryptocurrency is a very speculative source to get very attractive returns on investment. Many traders and investors are confused about whether it is time to sell or hold out for a good price. 

VeThor Token is one of the two tokens utilized by the VeChainThor public blockchain. VTHO was initially launched in 2015. However, it went through a heavy rebranding process in 2018. Moreover, VTHO  plays an important role in the overall functionality of the blockchain.

The VeThor Token is a VIP-180 Standard token, that represents the cost of utilizing the VeChainThor blockchain. However, its primary use is to facilitate processes and transactions on the blockchain.

VTHO Current Price

According to CoinGecko, the VTHO price is $0.0102 with a 24-hour trading volume of $137 million at the time of writing. Moreover, the price has surged by 46% in the last 24 hours. 

VTHO has a current circulating supply of 33.25 billion. Currently, the top crypto trading platforms for VTHO are Binance, Gate.io, Bitrue, MXC.COM, and BigONE.

Now, let’s proceed to the next part of this VTHO price forecast for 2021.

VTHO Price Analysis 2021

In the monthly time frame chart below shows the Ascending Scallop pattern. Usually, this is followed by an uptrend. Moreover, this pattern can be followed by a downtrend as well. More so, the pattern itself moves a break further to the upside level. More so, this pattern took more than a month to form.

VTHO/USDT chart showing Ascending Scallop Pattern (Source: TradingView)

As shown above, at the beginning of 2021, VTHOR turned from its bear to bull trend. This shows a high trade volume happened in that period. The Relative Strength Index (RSI) is ABOVE 70. This indicates the RSI is in an overbought state and may trigger a price reversal at any given time. 

Therefore, traders must trade properly and must not be affected by the market hype. With this in mind, traders can be cautious and move away from unexpected losses due to the crypto market’s wild movements.

VTHO Price Prediction 2021

Let us also look through the Simple Moving Average (SMA) and the Exponential Moving Average (EMA).

VTHO Price Chart With 30-day SMA and 50-day EMA (Source: TradingView)
  • Resistance Level 1 – $0.012
  • Resistance Level 2 – $0.015
  • Support Level 1 – $0.0056
  • Support Level 2 – $0.0036

Since the start of 2021, VTHO’s price has seen many bullish moves. The above chart shows the impressive performance of VTHO in the last few days. VTHO is showing a bullish trend. However, if the trend continues, VTHO will run along with the bulls, overtaking its $0.012 resistance level and climb higher to $0.015.

If the bullish trend continues, the VTHO can surge over it’s all-time high (ATH) price of $0.042. In contrast, if the investors turn against the cryptocurrency, the bears might take over. More so, the VTHO price might plummet to almost $0.036, a bearish signal.

Disclaimer: The opinion expressed in this chart solely the authors. It is not interpreted as investment advice.

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