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VeChain (VET) is experiencing a significant change in its market sentiment, and indicators are pointing to a possible spike in its price. After encountering a crucial support level, VET appears to be bouncing back with vigor. Over the previous week, VET has demonstrated resilience by recording an impressive 4% increase, a clear signal of its […]
VeChain (VET) has recently penetrated its medium to long-term rising trend channel, indicating the possibility of a slowdown in its upward momentum. This indicates that this cryptocurrencys initial rate of ascent is weakening. While the price hovers at about the $0.03 support level, it is at an important point for the cryptocurrency. A positive market […]
Over the past few weeks, the price of VeChain (VET) has struggled to live up to the promise and vigor it showed at the start of the year. This has been the story with a significant portion of the cryptocurrency market, with several large-cap altcoins down by double-digits in the past month. However, the VeChain token has been a hot subject of discussion in the circle of cryptocurrency analysts and pundits. Popular crypto analyst Ali Martinez is amongst the latest to put forward future projections for the token. Can VeChain Price Reach $0.6 By December 2024? The crypto pundit took to the X platform to share an interesting update on the monthly chart of the VET price. According to Martinez, the cryptocurrency is gearing up for a price rebound this summer, which might be crucial to its performance in the rest of the year. Related Reading: Crypto Analyst Says XRP Price Can Break Out From Falling Pennant, But Can It Reach $1? This projection is based on the return of a previously identified consolidation range in the VeChain price, with the analyst suggesting that the token could follow this historical fractal. Martinez pointed out that the fractal appeared in 2020 when VETs price reached its all-time high of $0.281. Most recently, VET broke out of a consolidation range following its significant price surge to $0.04664 in February. The altcoin has been experiencing a price correction since then, although what looks like a resistance retest seems to be complete. According to Martinez, the price of VeChain is set for a rebound this summer after retesting the channels upper boundary at around $0.32. Following the price recovery, the analyst said the cryptocurrency is likely to experience a potential explosive growth in the fall. A monthly price chart of VET showing the fractals | Source: Ali_Charts/X As highlighted in the chart above, VETs price could travel as high as $0.6 by December 2024. If this fractal does play out as the analyst anticipates, the price target would be a new all-time high and a massive 1,600% surge from the current price point. VET Price Overview As of this writing, the VeChain token is valued at $0.03469, reflecting a 2.6% price dip in the last 24 hours. VETs struggles in the past day underscore the altcoins sluggish performance on even broader timeframes. Related Reading: The Akash Network Phenomenon: Breaking Down Its 2400% Uptrend And Market Outperformance According to data from CoinGecko, the cryptocurrency is down by 7% and 23% on the weekly timeframe and monthly timeframe, respectively. Nonetheless, VeChain has managed to retain its position amongst the top 50 largest cryptocurrencies, with a market capitalization of more than $2.5 billion. The price of VeChain continues its downtrend on the daily timeframe | Source: VETUSDT chart on TradingView Featured image from Pexels, chart from TradingView
A self-acclaimed VeChain (VET) insider has made a bold claim about the tokens price. The insider suggested that VETs tepid price action is a strategic ploy by the team, and the token will eventually make a parabolic rise when the time comes. VeChain Will Reach The Finish Line The self-claimed insider known as VeChain Whale admitted in an X (formerly Twitter) post that VETs price is slow but added that the token will reach the finish line. He made this statement while comparing VET to a snail in terms of price action. Related Reading: Crypto Expert Reveals What To Expect For Bitcoin, Dogecoin, And XRP In 12-16 Months VeChain Whale further revealed that the team could pump the token if they wanted but havent because of fear of regulation and other factors. The claim about regulation looks to be related to the Securities and Exchange Commission (SEC) and the fear that the network could face regulatory scrutiny from the Commission. The VeChain insider also claimed that the team wasnt worried about VETs price because they were aware that 90% of tokens will vanish after the bull run, but VeChain would still be around. That is why they are choosing to play the snail game, unlike the other tokens that do whatever to gain attractions and move up in the ranking at all cost. VeChain Whale added. As expected, VeChain Whales post attracted criticism from crypto community members who questioned when he became a VeChain insider. In response, VeChain Whale stated that he needed to prove the doubters wrong and suggested that a major announcement was coming in June, which would make those doubting him now offer an apology when the time came. VETs Price Set To Explode In a subsequent X post, he mentioned that the team would make many announcements in the next two months, which would cause VETs price to explode. He further assured VET holders that they can expect to see a 10x increase in the tokens price by June. Related Reading: Skybridge CEO Says Bitcoin Can Reach Half Of Gold Market, How Much Will BTC Be? Meanwhile, crypto analyst Egrag Crypto previously provided some insights into how high VETs price could rise when the time comes, mentioning that the crypto token could see a 140x increase in its price. However, Egrag failed to say when precisely this parabolic price surge will happen. Crypto analyst and YouTuber Crypto ZX also once predicted that VET was primed to enjoy significant price increases and further stated that the crypto token could hit new all-time highs (ATHs) if it succeeded in breaking certain resistance levels. At the time of writing, VET is trading at around $0.0455, up over 7% in the last 24 hours according to data from CoinMarketCap. VET Price at $0.04 | Source: VETUSDT on Tradingview.com Featured image from Investing.com, chart from Tradingview.com
Crypto analyst Egrag Crypto has singled out VeChain (VET) and XRP as two crypto tokens that could soon witness significant price surges. The analyst also outlined price targets crypto investors can expect these tokens to attain. VeChain Could Rise To As High As $2.5 From the chart Egrag shared in his X (formerly Twitter) post, one could see that he was hinting that VeChain hit $2.5 at its market peak. He also elaborated on how the crypto token will rise to that level by breaking its price action into three targets. The first target was the yellow channel, which he highlighted on the chart. Related Reading: Ripple Vs. SEC Update: Is The Lawsuit Finally Coming To An End With A Settlement? Source: X VeChain is expected to rise to as high as $0.18 when this target is fully achieved. Egrag noted that this will mark the forging of the MACRO-Bottom. The second target will see the crypto token rise to almost $0.9. The analyst pointed out that this channel aligns with the Fib 0.702 & 0.786 levels, forming what he referred to as the Mid-Bull-Cycle. VeChain is expected to rise to as high as $2.5 when the last target is achieved. Egrag remarked that this target aligns with key Fib levels 1.236, 1.414, & 1.618, suggesting the potential cycle top for #VET. This isnt the first time the crypto analyst has laid a bullish narrative for the VeChain token. In February, he predicted that the crypto token could witness a 140x price increase if it repeats its price action from around 2021 when it rose by 14.638%. XRP Run To $1.4 Still In Play Egrag provided his bullish analysis of XRP in a separate X post. He stated that the crypto tokens double formation was giving a strong bullish signal. He added that he is confident that the thrust will soon. This recent analysis was an update to a previous one where he predicted that XRP would rise to $1.4 soon enough. Source: X Back then, he was also confident that this move to the upside was imminent, noting that the bulls had accumulated all the XRP tokens that the bears had dumped. He urged XRP holders to stay steady in anticipation of the life-changing opportunities that may arise due to the crypto tokens parabolic surge. Related Reading: Ethereum Resurgence: TRON Founder Justin Sun Goes On 127,388 ETH Buying Spree Egrag has remained bullish on the XRP token despite its unimpressive price action. He has predicted at different times that the crypto token could rise to as high as $27 at its market top. At the time of writing, XRP is trading at around $0.54, up in the last 24 hours, according to data from CoinMarketCap. VET price at $0.04 | Source: VETUSDT on Tradingview.com Featured image from Watcher Guru, chart from Tradingview.com
Key Takeaways: VeChain (VET) is in bullish price trajectory along with the overall market and experiencing surge in its value. As Bitcoin pointing towards $80k and surpassed crucial resistance levels is injecting a fresh wave of optimism and propelling altcoins to breakout and print gains. VeChain hit its recent low at $0.01778 now its on […]
VeChain, a prominent cryptocurrency, is marking notable advancements within a consistently upward-moving trend channel, hinting at a growing sense of optimism among investors and signaling a sustained upward momentum in the foreseeable future. Currently, the currency is undergoing a pivotal assessment of its support level, hovering around 0.04 units. A successful holding of this support […]
Key Takeaways: VeChain (VET) is gaining traction after breaking out of a falling wedge pattern, signaling a potential bullish reversal. The momentum was further amplified by a key catalyst, VETs official listing on the centralized exchange Bybit. Bybit Lists VET, Boosting Liquidity and Visibility On Monday, Bybit announced the listing of VeChain (VET) on its […]
VeChain price appears unbothered by a bearish wave that has been traversing the market since the weekend. The largest cryptocurrency by market capitalization, Bitcoin (BTC) [...]
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. Related Reading: Ethereum Trading Volume At Its Most Sluggish, ETH Price Struggles Below $1,600 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. Related Reading: Litecoin (LTC) Performs Better Than Bitcoin In Last 24 Hours – Upward Motion In The Coming Days? VET total market cap at $1.8 billion on the daily chart | Source: TradingView.com Featured image from MotivationGrid, chart from TradingView.com
What is VeChain price prediction 2022-2025? Is VET crypto a good investment? Where can I buy VeChain coin?
The post What Is VeChain Price Prediction? Is VET a Good Investment? first appeared on StealthEX.The spreading clouds of war in Europe have also had an impact on VeChain. Let’s have a look at Vechain Price Prediction . VeChain has increased by 5.78% in the previous 24 hours. It has gained 5.88% in the last seven days, according to data from the previous seven days. At press time price of […]
VeChain is one of those crypto projects that made headlines in 2021. The VET coin soared more than 1,200% when the crypto market bloomed that year during the March 2021 bullrun. However, VET prices tanked pretty hard and erased most gains after the crypto market's adjustment. Today in 2022, prices are nearing the strong support price of $0.04, as part of a bearish trend. Can VET coin pump again in 2022 and reverse its downtrend? In this Vechain price prediction, we will tackle everything you need to know about VeChain crypto in 2022.
VET Coin down since November 2021After the big crypto crash that occurred back in May 2021, Vechain prices reached a low of $0.06. From there, prices tried to recover and reached a strong resistance price of $0.16. Following the crypto market again, prices sank back towards the current price of $0.046, losing more than 65% in value within less than 3 months.
Fig.1 VET/USD 1-week chart showing how VET Coin prices crashed - TradingViewCurrently, prices of VET coin are inside a wide buy area delimited by $0.04 and $0.06. This area is the perfect zone to day trade Vechain crypto, shorting around $0.06 and going long around $0.04. So far, this sideways trend was quite profitable for day traders.
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Vechain Price Prediction - Will VET go up in 2022?Looking at figure 1, Vechain is definitely in a buy zone. Traders would want to make sure prices reach $0.04 before placing buy orders. On the other hand, VET price is strongly affected by the entire crypto market as a whole and specifically Bitcoin.
If Bitcoin continues to sink lower reaching 30K, VET price is expected to break the strong support of $0.04 and even reach the next support of $0.025, and worst cases $0.015.
Fig.2 VET/USD 1-week chart showing the next support levels of VET - TradingViewOn the other hand, if the crypto market manages to recover, Vechain price can definitely make nice gains. The upside is much bigger than the downside, of course, using proper risk management when placing trades. If we opened a long position at the current price or closer to the support level #1 in figure 1, our profit-taking target would be around $0.08. This entails a perfect 100% return on our trade.
Fig.3 VET/USD 1-week chart showing the potential upside of VET - TradingVIewIt is very important to note that Vechain price depends totally on the Bitcoin price trend. If Bitcoin continues to go lower, VET will most probably reach the support lines #2 and #3 shown above. Only when the Bitcoin trend reverses upwards will the Vechain setup make sense and profit.
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The post VeChain Price Prediction – VET Coin Entering a BUY ZONE for 2022! appeared first on CryptoTicker.
HODLers await a massive crypto market recovery. FXStreet explains how VeChain (VET) is setting itself up to be an altcoin ...
Crypto analyst and YouTuber, Crypto ZX has released an update on VeChain (VET) price movements, predicting a surge to new all-time highs if the cryptocurrency succeeds in breaking certain resistance levels. Catalysts Behind VETs Projected Price Surge In a YouTube video released on Monday, Crypto ZX explored VeChains historical and recent price actions, emphasizing a potential for an upward trajectory as market down trends subside. The analyst delved into VeChains recent performance in relation to Bitcoin, offering insights into key resistance levels and projecting a major surge during the anticipated 2024 bull run. Related Reading: Massive $29.3 Million Whale Transfer Threatens XRP Price With More Sell Pressure According to the Crypto ZX, VeChain previously broke above a significant price resistance on December 20, 2023, reaching almost $0.039 before undergoing a subsequent pullback. Despite an attempt to breach the same price resistance on January 11, 2024, the cryptocurrency faced a notable rejection. Crypto ZX has suggested that VeChain may be consolidating around the $0.03 price range. Nonetheless, the cryptocurrencys expected goal is to experience a surge beyond the crucial resistance level at $0.033 cents. The analyst has revealed that a break above the resistance level would give VeChain a greater chance to surge to new highs. He predicts that if VeChain can overcome current resistance levels, then the price of the cryptocurrency could rise as high as $0.04425 cents. Crypto ZX explains that the markets recent downturn has led to VeChains fluctuating price movement along the support line. He anticipates a retracement of around 17.26% from the key resistance level and predicts that VeChain could surge to new yearly highs if Bitcoin succeeds in surpassing the crucial levels at $46,000. At the end of the day all are speculations, but I am very optimistic about the price of VeChain for the year 2024. I think it is going to shock a lot of people, Crypto ZX stated. VeChain Price Update In his YouTube video, Crypto ZX provided an update on VeChains recent price movements and current value. According to the analyst, VeChain is down about 2.3% on the daily time frame. He reveals that the majority of the market is also down currently due to Bitcoins recent pullback. Related Reading: Bitcoin, Solana Take Center Stage In $721 Million In Institutional Inflows At the time of writing, VeChain is trading at $0.027, reflecting a decrease of 1.51% in the past 7 days, according to CoinMarketCap. The analyst revealed that the cryptocurrency is also down by 1.9% in BTC, compared with the market capitalization, which is holding very strong above the $2 billion mark. Crypto ZX has disclosed that despite the traction gained by VeChains ongoing projects and developments, the cryptocurrency has not reflected the impact. He emphasized that VeChain is undervalued, considering the overall expansion and advancements the cryptocurrency has undergone. VET shows strength at $0.02 | Source: VETUSDT On Tradingview.com Featured image from Facts.net, chart from Tradingview.com
Crypto analyst Egrag Crypto has put out an ultra-bullish price prediction for VeChain (VET), which the analyst predicts will achieve significant gains soon enough. VeChain To See A 140x Gain Egrag mentioned in an X (formerly Twitter) post that the VeChain token could see a 50x or 140x gain. He further highlighted how the crypto token could achieve any of this move to the upside. Analysing the chart, he stated that a 50x move could be in play if VET sees a similar percentage increase to the one that occurred around 2019. Source: X Back then, VET is said to have seen a 5,892% increase. Egrag predicts that the crypto token could rise to $0.9 if this move is indeed in play. Meanwhile, for the 140x gain, the analyst claimed that this move could be in play if the market eventually witnesses a similar percentage increase to the one around 2021 when VETs price increased by 14,638%. Related Reading: Pro-Ripple Lawyer Tags Poor XRP Price Performance As Unnatural, Rally Imminent? That was when the crypto token hit its all-time high (ATH) of $0.27. Egrag predicts that VET could rise to as high as $2 if this is the move that ends up materializing. This prediction also means that VET will likely see a new ATH in the next bull run. This is not the first time Egrag has offered a bullish price prediction for the VET token. Last year, the analyst predicted that VET could rise to $1.6 based on historical patterns. This prediction came after the crypto token made an impressive surge of 77%, hitting price levels unseen since May 2022. Big Moves Still Lie Ahead For VET IEgrag isnt the only analyst who has recently laid out a bullish narrative for the VeChain token. Crypto analyst and YouTuber Crypto ZX also gave an analysis where he predicted that the crypto token could hit new ATHs if it succeeded in breaking certain resistance levels. One level he highlighted then was the $0.033 mark. Related Reading: Crypto Platform Which Predicted Bitcoin To Reach $50,000 Has Released A New Target The analyst had also suggested that VET was currently in a period of consolidation as it gears up for another move to the upside. On the next leg up, Crypto ZX predicted that the crypto token was going to surge above the $0.033 resistance level. The analyst further revealed that a move above that level would be vital to unlocking new highs. Interestingly, VeChain has since risen above that level. At the time of writing, the crypto token is trading at $0.0474, up over 5% in the last 24 hours, according to data from CoinMarketCap. VET price at $0.048 | Source: VETUSDT on Tradingview.com Featured image from Adaas Capital, chart from Tradingview.com
VeChain (VET), a blockchain platform focused on supply chain management and enterprise solutions, is experiencing a surge in price and trading volume, fueled by bullish predictions and anticipation of a major announcement related to environmental sustainability. Related Reading: BONK Price Jumps Over 30% As Robinhood, Revolut Listing Speculations Gain Traction Over the past 24 hours, VET has jumped an impressive 12%, currently trading at $0.047. This follows a remarkable week where the altcoin gained a solid 67%, defying the recent lull in the broader cryptocurrency market. Notably, trading volume has skyrocketed by a staggering 155%, reaching over $135 million within the same period. VET price action. Source: Coingecko VeChain: Technical Breakout And Price Target Crypto analyst Ali Martinez has garnered attention with his technical analysis, suggesting that VET is nearing the end of its consolidation phase. Martinez, referencing historical price patterns, predicts a breakout to the $0.05 region this week. If his prediction holds true, this would represent a further increase of 36% from the current price. It feels like it will be a big week for #VeChain! If history repeats itself, $VET could be looking at a move to $0.054 this week, a brief correction until June, and then a bull run to $0.70 by November! pic.twitter.com/wTdPW34NNH Ali (@ali_charts) February 14, 2024 Martinez’s analysis draws parallels to VET’s 2021 bull run, preceded by a 595-day consolidation period. He posits that a similar trajectory could unfold this year, with a potential first target of $0.054, a level not seen since February 2022. This would translate to a remarkable 56% gain from the current price. Impending Announcement Fuels Speculation Adding to the bullish sentiment is the anticipation of a significant announcement from VeChain. Industry insiders hint at the company’s plans to unveil initiatives leveraging blockchain technology to address environmental challenges. The potential for blockchain to promote sustainable practices and create interconnected ecosystems that reward eco-conscious behavior is resonating with investors. VeChain is joining the global tech community later this month, embarking on a tech-driven campaign to drive a sustainable future at #MWC2024.https://t.co/g1vjVbWuTD vechain (@vechainofficial) February 14, 2024 This strategic direction aligns with VeChain’s core values of sustainability and transparency, potentially attracting new investors and partnerships focused on environmental solutions. The announcement’s specifics remain undisclosed, but the buzz has undoubtedly contributed to the recent price surge. VET market cap currently at $3.543 billion. Chart: TradingView.com Community Anticipates Price Explosion, Analyst Cautions VeChain’s strong community is particularly optimistic, with some predicting a price of $0.7 by November 2024. This ambitious target represents a staggering 1,921% increase from the current price. While the potential for growth is undeniable, it’s crucial to approach such predictions with caution. Related Reading: Stacks (STX) Stuns: Price Soars Over 60% In Epic Recovery As TVL Explodes Martinez acknowledges the bullish sentiment but warns of a potential short-term correction in June before the anticipated upward rally. He emphasizes the inherent volatility of the cryptocurrency market, reminding investors to conduct thorough research and adopt a risk-management approach before making any investment decisions. Meanwhile, VeChain’s recent price surge and upcoming announcement have ignited excitement within the cryptocurrency community. While technical analysis suggests a potential breakout and ambitious price targets are circulating, it’s essential to remember the inherent volatility of the market and exercise caution. Featured image from Adobe Stock, chart from TradingView
VeChain (VETBTC) has hit the lowest point in the past five years. In a recent X post, Alan Santana revealed that VETBTC is currently at 340 satoshis, a point last reached in September 2019. This record low is the end of the bearish trend and will be a platform to the beginning of a bull […]
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