TronWeekly

Crypto World News

You are here: Home / Archives for VeChain Bullish Surge

VeChain Bullish Surge

VeChain (VET) Defies Market Slump with 2.91% Rise, Eyes on $0.040

by

  • VeChain (VET) shows resilience with a 2.91% rise, priced at $0.0298.
  • Despite Bitcoin’s dip, VET continues to gain, sparking optimism.
  • Bullish indicators suggest VET could break $0.040, with potential for more gains.

The cryptocurrency market has been experiencing significant volatility in recent weeks, with major assets such as Bitcoin (BTC) and Ethereum (ETH) struggling to maintain upward momentum. However, VeChain (VET) has emerged as one of the standout performers, displaying strength despite the overall market turbulence.

While President Trump’s executive order, which officially created a Bitcoin Strategic Reserve, briefly propelled Bitcoin to a recent low of $84.5K, the market’s instability continues to hinder sustained growth. In contrast, VeChain’s price is seeing a steady increase, sparking optimism among investors and traders.

VeChain’s Performance Amidst Market Uncertainty

As of today, VeChain’s price stands at $0.0298, reflecting a 2.91% increase in the last 24 hours. VET’s market capitalization is currently valued at $2.56 billion, and its 24-hour trading volume stands at $129.33 million. Despite the fluctuations in the broader crypto market, VeChain is showing resilience.

VET 1D graph coinmarketcap 2
VeChain (VET) Defies Market Slump with 2.91% Rise, Eyes on $0.040 4

While Bitcoin’s drop to $84.5K initially garnered attention following the announcement of Trump’s Bitcoin Strategic Reserve, the market has struggled to maintain upward momentum. Investors have been cautious as altcoins, including VET, continue to navigate through the volatility.

Technical Indicators Point to a Strong Upside

One of the most noteworthy aspects of VeChain’s current performance is the formation of a triple bottom pattern on its chart, which is considered a bullish indicator. CryptoBusy, a prominent crypto analyst, pointed out the bullish convergence of the MACD (Moving Average Convergence Divergence) as a key signal for VET’s potential breakout.

image 40 5
VeChain (VET) Defies Market Slump with 2.91% Rise, Eyes on $0.040 5

According to CryptoBusy, this technical setup could indicate a “wake-up call” for VET, suggesting that the cryptocurrency could experience a surge in value in the near future.

VET Set to Test $0.040 Resistance

From a short-term technical perspective, VeChain has formed a falling wedge pattern on the daily chart. A falling wedge is a classic bullish chart formation, where the price moves between converging trendlines, signaling that a breakout may be imminent.

As VET is currently nearing the apex of the wedge, traders are closely watching for signs of upward movement. If VET successfully breaks out of this pattern, it could see significant price appreciation. If VeChain manages to break above the upper boundary of the falling wedge, traders are targeting the following price levels.

image 40 6
VeChain (VET) Defies Market Slump with 2.91% Rise, Eyes on $0.040 6

VET is likely to test the $0.040 level as an initial resistance during a breakout. If it surpasses this, the next major resistance is at $0.048, where additional momentum may be required to push through. The ultimate target for VET’s upside potential is $0.057, where significant resistance may be encountered.

If VeChain continues to hold strong and break through key resistance levels, it may prove to be one of the top-performing assets in the altcoin market. As always, it’s crucial to stay updated on market trends and monitor VET’s performance closely.

Related Reading | Hedera’s 101% Surge Since 2024, Optimistic About $0.46 Next

VeChain (VET) Recovery Signals Potential for 1,500% Price Gains

by

  • VeChain (VET) shows signs of recovery, with recent losses presenting an opportunity for potential breakout.
  • A falling wedge pattern is forming, indicating the possibility of a significant upward movement.
  • VET has gained 3.11% in the past 24 hours, reflecting renewed market interest and confidence.
  • Historical price patterns suggest long-term growth potential, with possible price gains exceeding 1,500%.

VeChain (VET) is showing signs of a strong recovery after recent turbulence in the crypto market. Despite a significant sell-off that fueled investor concerns, VET is now positioning itself for a potential breakout. Over the past week, VET has declined by 7%, and in the last 30 days, it has dropped 23%. However, as the broader market regains strength, VeChain appears poised for an upward move.

At the time of writing, VET is trading at $0.0345, with a 24-hour trading volume of $100.7 million, a market cap of $2.80 billion, and a market dominance of 0.09%. The price has surged 3.11% in the last 24 hours, reflecting renewed interest from traders.

VET 1D graph coinmarketcap
VeChain (VET) Recovery Signals Potential for 1,500% Price Gains 9

VeChain Charts a Path to 2021-Like Surge

Market experts suggest that VeChain could be entering a major bull-run cycle. Looking at historical patterns, VET’s 2021 peak occurred early in April, which raises the possibility of a similar trajectory in 2025. If this pattern holds, the next three months could mark the beginning of a strong rally.

A key technical indicator to watch is the falling wedge pattern, which previously led to a sharp uptrend in 2020-2021. While the current cycle may not be as steep, a more sustained and controlled uptrend could provide stronger support levels, allowing for longer periods of growth.

image 100 3
VeChain (VET) Recovery Signals Potential for 1,500% Price Gains 10

VET is currently trading 150% above its June 2023 low, signaling resilience. If the market remains bullish, projections indicate potential price gains exceeding 1,500%, with a rough 5,000% upside from the bottom to the peak.

VeChain’s Evolution and Adoption

Beyond technical analysis, VeChain’s fundamentals are stronger than ever. Crypto experts highlight that established projects like LINK, AAVE, and FET have evolved significantly, and VET is no exception. VeBetterDAO, one of VeChain’s key initiatives, is addressing real-world sustainability challenges while reshaping tokenomics for mass adoption.

Investors looking to benefit from this growth can explore VeChain’s X-2-Earn applications, which incentivize users for sustainable actions. With continuous ecosystem development, VET presents opportunities for long-term investment despite market uncertainties.

The recent correction has provided an attractive entry point for investors betting on VeChain’s long-term potential. While risk remains inherent in crypto markets, VeChain’s strong fundamentals, growing adoption, and historical price patterns indicate a promising future. As the market transitions into its next bullish phase, patience remains the key to maximizing gains.

Related Reading | XRP’s 492% Surge After Gensler’s Exit and Trump’s Win

VeChain (VET) Set For Breakout: Analyst Set Sights On $0.05 For Bullish Surge

by

Prominent crypto expert Crypto Yappe­r has provided an optimistic outlook on the price­ movements of VeChain (VET). In his late­st analysis, he pointed out that VeChain has broke­n out of a major falling wedge pattern. A falling we­dge often signals a possible bullish tre­nd.

After breaking out in a bullish way from this huge falling we­dge, I expect VET to te­st the previous resistance­ as support,” Crypto Yapper said. “From there, we­ can aim for higher targets.” He ide­ntified the breakout targe­t for VET at $0.05, suggesting a promising chance for investors. “This could be­ a great trade for VeChain,” he­ added, underlining the pote­ntial for major gains if the retest holds and the­ price keeps rising.

image 30 18

At the­ moment, VeChain’s price stands at $0.036826, an incre­ase of 5.58% over the past 24 hours. This digital asse­t has seen trading volume re­ach $78.31 million during this timeframe, with a total market value­ of $2.68 billion. These rece­nt developments signal growing e­nthusiasm and momentum from investors towards VeChain.

VETUSDT 2024 05 21 10 20 14

Ve­Chain’s recent bullish upswing is particularly remarkable­ given the overall marke­t landscape. The falling wedge­ pattern, successfully navigated by Ve­Chain, features converging downward-sloping tre­nd lines. Breaking out from this pattern typically sugge­sts a decrease in se­lling pressure and the pote­ntial for an upward price movement on the­ horizon.

Analyzing VeChain Historical Trends

Renowned crypto analyst Crypto EA has shared an exceedingly bullish outlook for VET, predicting a substantial influx of capital into the cryptocurrency market. According to Crypto EA, trillions of dollars are poised to enter the crypto sector, with a significant portion earmarked for VET.

Emphasizing huge potential for extraordinary gains, Crypto EA drew parallels to VeChain’s previous bull run, during which the cryptocurrency soared an astonishing 177x. He stated that the doubt about growth can rest now as VET is perfectly well placed for another huge growth.

Looking ahe­ad, the crypto expert thinks Ve­Chain could increase in value by 20x to 25x during the next bull market. With this outlook, the analyst believes VET could reach $1 per token. He­ urged investors not to overlook Ve­Chain’s bullish potential in the current marke­t conditions.

The projected 20x to 25x increase would mark a major milestone­ for VET. It would offer hefty re­turns for investors. The crypto expe­rt’s call serves as a reminde­r for investors to weigh VeChain’s pote­ntial upside as the market ge­ars up for the next bull run.

Related Reading |  Dogecoin Founder Exposes Ad Scam Surge on Social Platforms

VeChain (VET) Price Analysis: Analysts Eyes Potential $0.50 Target

by

VeChain (VET) is poised for significant upward momentum, attracting analysts’ and investors’ attention. Despite encountering obstacles in surpassing resistance levels and maintaining a gradual pace, VET exhibits promising potential for rapid growth over the long-term. Having recently rebounded from a critical support level, VET displays renewed strength. In the past week, it has showcased resilience with a 4% increase, indicating its capacity to recover from setbacks.

At the time of writing, the price of VeChain sits at $ 0.034686, with a 24-hour trading volume of $ 49.54M and a market cap of $ 2.52B. Despite a slight 1.61% decrease in the last 24 hours, VET continues to hold promise for future growth.

VETUSDT 2024 05 20 11 40 16
VeChain (VET) Price Analysis: Analysts Eyes Potential $0.50 Target 16

Analyst Predicts VeChain to Surge 500%

Cryptocurrency analyst Crypto EA has brought attention to VeChain’s recent behavior concerning its lower Bollinger Bands (BB). In the past, when VET touched these bands, its price surged significantly, jumping from $0.013 to $0.055. Presently, VET finds itself again at these lower Bollinger Bands, currently at $0.035. Moreover, it’s notable that VET is testing a horizontal resistance level, now acting as a support.

image 31 1

Looking ahead, VeChain’s next price target is set at $0.10. Considering factors such as Altseason, hype, FOMO (Fear of Missing Out), and RWA (Real World Adoption), it’s speculated that VET could experience a substantial movement of at least 500%, reaching $0.50. 

Furthermore, another prominent crypto analyst, World Of Charts, shared a bullish outlook on VeChain prices. World Of Charts pointed to the fact that VET had bounced from a real solid support level, generally called the Accumulation Zone Area, as one of the important reasons behind being bullish.

image 30 2

In addition, World Of Charts foresees a significant bullish wave coming in the next weeks, projecting that VeChain can witness a surge of value within the 400-500% range. From this bullish forecast, it seems that an adequate environment is developing for investors and traders in VeChain, showing significant returns on investments.

Related Reading |  Solana SOL Price Analysis: Last Defense Line at $140 Against Bearish Trends