- VeChain VET broke out of its descending triangle and successfully retested the breakout level, signaling a bullish reversal.
- At $0.02622, the recent move has already delivered over 10% gains, offering an appealing entry point.
- A rise to $0.075 would represent roughly 185% upside, aligning with historical altcoin performance following Bitcoin’s rally above $94,000.
- With 16 of 29 technical indicators turning positive and growing on-chain utility, VET looks positioned for further gains.
VeChain (VET) is showing strong signs of a bullish reversal in April, with a confirmed breakout, a 10%+ profit surge, and a clear path toward higher price targets. Currently priced at $0.02622, VET offers an attractive risk-to-reward ratio for both short-term traders and long-term investors.
Backed by a favorable macro environment for cryptocurrencies, VeChain is well-positioned to dominate in the next bull cycle. The overall cryptocurrency market is experiencing a bullish wave, with Bitcoin surpassing $94,000. Historically, altcoins tend to follow Bitcoin’s lead during bull cycles, and $VET is no exception.
VeChain Breaks Descending Triangle, Eyes $0.075
Crypto analyst World Of Charts posted a detailed chart analysis on X, showcasing VET’s price movement on the daily timeframe. The chart reveals a classic descending triangle pattern, a formation often associated with bullish breakouts in technical analysis.
VET broke out of the descending triangle, a pattern that had constrained its price action for weeks. Following the breakout, the price successfully retested the breakout level, confirming the validity of the move, and is poised to hit 0.075 in the coming weeks.
The current price of $0.02622 offers a relatively low entry point following the confirmed breakout and retest. Look for confirmation of continued upward momentum with higher trading volume.
If VET reaches the projected target of $0.075, as predicted by the analyst, it would mark a 185% increase from its current price of $0.02622.
Beyond the descending triangle breakout, other technical indicators are turning bullish. CoinCodex’s analysis from April 18, 2025, shows a neutral-to-bullish sentiment, with 16 out of 29 technical indicators signaling bullish trends.
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