TL;DR
- VeChain’s cryptocurrency, VET, saw a 13% increase in the past week, currently priced around $0.04, with predictions of further gains. Analyst Clifton Fx anticipates a 25% rise to $0.06 soon, based on technical patterns.
- Other industry participants were even more bullish, with one forecasting a substantial 2,400% surge to $1.
The cryptocurrency VeChain’s native token, VET, gained some spotlight in the last week as its price increased by 13%. According to CoinGecko’s statistics, it is now priced around $0.04. Some analysts predict that this price level may trigger further growth.
Clifton Fx, an optimistic X user, believes that VeChain (VET) is set for a 25% rise to hit $0.06 based on its “bullish flag” in the daily chart.
World of Charts chipped in, too, arguing that the asset has surpassed several resistance zones, such as the “multi-year descending trendline and horizontal resistance accumulation area.” In their view, VET could hit approximately $0.22 this summer.
$Vet
In the past few days, the trendline indicating a decline in #Vet’s price for over a year has been breached along with multiple resistance levels. Additionally, the accumulation area of previous horizontal resistances was retested and held. Furthermore, a bullish flag formation has also been broken. With these developments, it is anticipated that profits could potentially increase by up to 400% in the upcoming weeks for those invested in #VeChai.
— World Of Charts (@WorldOfCharts1) April 11, 2024
The most optimistic projection came from the crypto trader known as Flash with the X handle, who imagined a massive surge of approximately 2,400% that could reach the $1 million mark.
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2024-04-11 16:22