VeChain At 5-Year Low, Setting Stage For Potential Bull Market By 2025
- VeChain hits its lowest price in 5 years, offering a strong buying opportunity for investors looking to accumulate.
- In 2019, VeChain surged 1,291% after reaching this level, signaling potential for a similar bullish trend ahead.
- Santana predict a bull market by 2025, making VeChains current low price an ideal entry point for long-term investors.
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 run.
When VeChain touched this price in 2019, it initiated a massive bull trend. In the following 595 days, the token rose by 1,291%, helped by three major rallies. The current market conditions resemble the early 2019 indicating there is high potential for traders and investors to prepare for another bull market.
VeChains Upward Trend
VeChain is in the process of starting the very first wave of what could be a new upward trend. This move is expected to get even stronger as the global monetary policies change and the uptake of cryptocurrencies continue. There is, however, hope for a full bull market by 2025, although the rally may extend into 2026, according to analysts.
Long term investors should start buying VeChain during this phase to hold it for long time gains. The strategy is to buy at such low prices and then simply hold on to the investments regardless of the short-term changes.
VeChain Accumulation Phase
This accumulation phase could lead to a great deal of profits as the market shifts into the next bullish trend. As the bear market has been ongoing for more than 1,200 days, VeChain is expected to be a bottomed out coin that will likely see an uptick in the future. As of now, VET is trading at $0.02218, showing a 1.19% decline over the past day.
Source: TradingView
The analysis also provides for the possibility of an unprecedented bull market in 2025, perhaps one of the largest in the history of cryptocurrency. With the increase in the globalization of the economy, and the acceptance of cryptocurrencies, many investors could gain much. Given the fact that VET price are still low, even at the moment, this period is perfect for those who are ready to wait for several years in order to catch the wave in the future market.
Read more: https://www.tronweekly.com/vechain-at-5-year-low-setting-stage-for/
Text source: TronWeekly
