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Despite a 40% Jump, Hereâs Why Vechain (VET) Price May Remain Stuck Below $0.053 For Another Few Wee
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The market participants appear to have become extremely bullish on Vechain as the price soared, making it the top performer among the top 100 crypto assets. The price continues to remain under bullish influence but if it repeats the previous action, then a consolidation could follow for the next couple of weeks. However, this cannot be considered the end of the ongoing upswing, as a massive price action is about to materialise soon after this.
The start of the final quarter of 2023 turned the entire crypto space bullish, including the VET price, which was stuck below $0.017. The momentum quickly flipped, causing a 140% rise to hit $0.04, which was followed by a bearish pullback. However, the recent upswing, which originated from the lows at around $0.028, has triggered a massive run. But the technicals suggest another pullback could be on the horizon before continuing with the bull run.
As observed in the above chart, the VET price is trading in an expanding megaphone pattern, heading towards the upper resistance. The Gaussian channel, which suggests the bullish and bearish phases with the colours green and red, respectively, is still painted red. This suggests either the token is still under the bearish influence or the ongoing bullish trend may not prevail for a long time. Besides, a bearish divergence is seen with the DMI, which substantiates the bearish claim.
Besides, the possibility of the channel going bullish may occur if the VET price manages to reach the upper resistance at $0.055 and close the trade above these levels. This may even enable the possibility of a bullish breakout from the pattern, causing another 40% rise to $0.08. However, failing to reach it may trigger a massive pullback, which may drag the levels close to their initial levels, which appears unlikely at the moment.
Therefore, the upcoming weekly close may be extremely important for the Vechain (VET) price, as it carries both the possibility of a bullish continuation and a bearish pullback.
#VET  #VECHAIN  #Bitcoin  #Altcoin  #Cryptocurrency
The market participants appear to have become extremely bullish on Vechain as the price soared, making it the top performer among the top 100 crypto assets. The price continues to remain under bullish influence but if it repeats the previous action, then a consolidation could follow for the next couple of weeks. However, this cannot be considered the end of the ongoing upswing, as a massive price action is about to materialise soon after this.
The start of the final quarter of 2023 turned the entire crypto space bullish, including the VET price, which was stuck below $0.017. The momentum quickly flipped, causing a 140% rise to hit $0.04, which was followed by a bearish pullback. However, the recent upswing, which originated from the lows at around $0.028, has triggered a massive run. But the technicals suggest another pullback could be on the horizon before continuing with the bull run.
As observed in the above chart, the VET price is trading in an expanding megaphone pattern, heading towards the upper resistance. The Gaussian channel, which suggests the bullish and bearish phases with the colours green and red, respectively, is still painted red. This suggests either the token is still under the bearish influence or the ongoing bullish trend may not prevail for a long time. Besides, a bearish divergence is seen with the DMI, which substantiates the bearish claim.
Besides, the possibility of the channel going bullish may occur if the VET price manages to reach the upper resistance at $0.055 and close the trade above these levels. This may even enable the possibility of a bullish breakout from the pattern, causing another 40% rise to $0.08. However, failing to reach it may trigger a massive pullback, which may drag the levels close to their initial levels, which appears unlikely at the moment.
Therefore, the upcoming weekly close may be extremely important for the Vechain (VET) price, as it carries both the possibility of a bullish continuation and a bearish pullback.
#VET  #VECHAIN  #Bitcoin  #Altcoin  #Cryptocurrency
đ° VeChain
#VET is completed an accumulation in the form of rounding bottom and looks ready for to break outđ§
Breakout will take us to the middle resistanceđ, where I expect a correctionđ», then full send to ATH resistance and higherđ
Accumulate #VECHAIN
#Write2Earn #TrendingTopic #DYOR
#VET is completed an accumulation in the form of rounding bottom and looks ready for to break outđ§
Breakout will take us to the middle resistanceđ, where I expect a correctionđ», then full send to ATH resistance and higherđ
Accumulate #VECHAIN
#Write2Earn #TrendingTopic #DYOR
Despite a 40% Jump, Hereâs Why Vechain (VET) Price May Remain Stuck Below $0.053 For Another Few Weeks
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Read Here: https://www.binance.com/en/feed/post/4195619523882
#VET #VECHAIN #Bitcoin #Altcoin #Cryptocurrency
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Read Here: https://www.binance.com/en/feed/post/4195619523882
#VET #VECHAIN #Bitcoin #Altcoin #Cryptocurrency
#Buy #VTHO/USDT #Write2Earn #VECHAIN
BUY Target:
0.004850 $
SELL Target:
0.007000 $
Expected Target Range Time frame
4H - 1D
Medium Term Prospective: (1-3 Months)
Bullish over 0.01$
Long Term Prospective: (1-3 Year)
Bullish over 0.03$
BUY Target:
0.004850 $
SELL Target:
0.007000 $
Expected Target Range Time frame
4H - 1D
Medium Term Prospective: (1-3 Months)
Bullish over 0.01$
Long Term Prospective: (1-3 Year)
Bullish over 0.03$
đ VeChainâs Breakout Above Descending Trendline Fuels Rally Hopes
â VeChain (VET) breaks the descending trendline, sparking optimism.
â Potential 24% rally if VET maintains momentum.
â Daily close below $0.0204 invalidates the bullish scenario.
VeChain (VET) has broken above a descending trendline, which has sparked optimism among crypto enthusiasts. Meanwhile, analysts believe that this breakout is the beginning of the highly-awaited significant growth in the price of VET.
đŹ VET Descending Channel Formation in 12H Timeframe
A breakout is anticipated soon #VECHAIN #VET â CryptoBreakout_trade
đž The Breakout and Technical Analysis
VET formed a descending channel in the 12-hour time frame, indicating a bearish trend. However, the recent breakout above the trendline suggests a potential reversal. The breakout occurred earlier this week, and VET currently consolidates around $0.0263.
For sideline buyers eyeing an entry point, the range between $0.0247 and $0.0239 is crucial. Waiting for a pullback to this breakout zone could provide an opportunity to accumulate VET. If the cryptocurrency finds support within this range, it may rally significantly.
đž Price Targets and Indicators
Should VET maintain its momentum, a rally of up to 24% is possible. The 61.8% Fibonacci retracement level at $0.0303 serves as a key target. This level is measured from VETâs swing high of $0.0366 on June 6 to its swing low of $0.0201 on July 5.
The Relative Strength Index (RSI) indicator on the daily chart is also showing positive signs, breaking above the neutral level of 50. Additionally, the Awesome Oscillator (AO) is on its way to doing the same. These momentum indicators align with the bullish thesis, potentially providing tailwinds for the recovery rally.
However, caution is necessary. If VETâs daily candlestick closes below $0.0204 (the weekly support level), the bullish scenario would be invalidated. Such a move would create a lower low on the daily timeframe, potentially leading to a 6% decline, revisiting the November 22, 2023 low of $0.0192.
â VeChain (VET) breaks the descending trendline, sparking optimism.
â Potential 24% rally if VET maintains momentum.
â Daily close below $0.0204 invalidates the bullish scenario.
VeChain (VET) has broken above a descending trendline, which has sparked optimism among crypto enthusiasts. Meanwhile, analysts believe that this breakout is the beginning of the highly-awaited significant growth in the price of VET.
đŹ VET Descending Channel Formation in 12H Timeframe
A breakout is anticipated soon #VECHAIN #VET â CryptoBreakout_trade
đž The Breakout and Technical Analysis
VET formed a descending channel in the 12-hour time frame, indicating a bearish trend. However, the recent breakout above the trendline suggests a potential reversal. The breakout occurred earlier this week, and VET currently consolidates around $0.0263.
For sideline buyers eyeing an entry point, the range between $0.0247 and $0.0239 is crucial. Waiting for a pullback to this breakout zone could provide an opportunity to accumulate VET. If the cryptocurrency finds support within this range, it may rally significantly.
đž Price Targets and Indicators
Should VET maintain its momentum, a rally of up to 24% is possible. The 61.8% Fibonacci retracement level at $0.0303 serves as a key target. This level is measured from VETâs swing high of $0.0366 on June 6 to its swing low of $0.0201 on July 5.
The Relative Strength Index (RSI) indicator on the daily chart is also showing positive signs, breaking above the neutral level of 50. Additionally, the Awesome Oscillator (AO) is on its way to doing the same. These momentum indicators align with the bullish thesis, potentially providing tailwinds for the recovery rally.
However, caution is necessary. If VETâs daily candlestick closes below $0.0204 (the weekly support level), the bullish scenario would be invalidated. Such a move would create a lower low on the daily timeframe, potentially leading to a 6% decline, revisiting the November 22, 2023 low of $0.0192.
Analyst Predicts VeChain Surge to $0.60 Despite Downtrend
VeChain (VET) could rise to $0.60 in six months, with increasing market interest despite the current bearish trend.
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Indicators like RSI and MACD suggest a possible trend reversal, as buying pressure builds and bearish momentum weakens. Recent price gains show growing confidence and potential for further bullish movement.
Analyst Predicts VeChain (VET) Surge to $0.60 Despite Market Volatility
Analyst @Crypto_Erdemm on X has predicted that VeChain (VET) could surge to $0.60 within six months, dismissing concerns from âfud accounts.â This optimistic forecast comes as VETâs price currently sits around 0.02373 USDT, reflecting a 9.60% drop over the past month.
Source:Â X
The current trend for VeChain shows significant volatility, with a notable spike toward 0.60000 USDT projected for 2024-2025, followed by a sharp decline to its present level. This pattern suggests that the market may continue to experience high volatility, with the current downtrend occurring after VET reached substantial highs.
Â
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VeChain (VET) Shows Signs of Stability After Volatile Surge
At press time, VeChain (VET) was trading at $0.02391, marking a 2.37% increase in the past 24 hours. Historical data shows that VET experienced a significant price spike during the 2024-2025 period, rising above $0.60000 USDT before a sharp correction.
This pattern indicates substantial price movement followed by a quick decline, suggesting a fluctuating market. The recent downward trend reflects VET returning to a more stable price level, signaling a period of consolidation.
VeChain (VET) Shows Signs of Recovery Amid Mixed Indicators
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On a 1-day time frame, VeChain (VET) has shown slight recovery, currently priced at $0.02383 USDT. The daily range fluctuated between a high of $0.02404 USDT and a low of $0.02373 USDT, resulting in a modest increase of $0.00009 USDT, or 0.38%.
Source:Â TradingView
The RSI, at 37.20, indicates bearish conditions but its upward movement suggests growing buying momentum. The MACD also points to weakening bearish momentum, as evidenced by the decreasing red bars on the histogram. These indicators suggest a potential shift in market sentiment, though caution is advised.
On CoinMarketCap, VETâs daily price chart shows a bullish trend, with the current price at $0.0291 USD. The price has experienced consistent gains, peaking around $0.0240 USD before stabilizing near $0.0238 USD. This upward movement indicates strong buying pressure and reflects increasing market interest and confidence in VeChain.
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Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Vet #VECHAIN #VTHO #TONonBinance #XRPVictory $VET $BTC $SOL
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Indicators like RSI and MACD suggest a possible trend reversal, as buying pressure builds and bearish momentum weakens. Recent price gains show growing confidence and potential for further bullish movement.
Analyst Predicts VeChain (VET) Surge to $0.60 Despite Market Volatility
Analyst @Crypto_Erdemm on X has predicted that VeChain (VET) could surge to $0.60 within six months, dismissing concerns from âfud accounts.â This optimistic forecast comes as VETâs price currently sits around 0.02373 USDT, reflecting a 9.60% drop over the past month.
Source:Â X
The current trend for VeChain shows significant volatility, with a notable spike toward 0.60000 USDT projected for 2024-2025, followed by a sharp decline to its present level. This pattern suggests that the market may continue to experience high volatility, with the current downtrend occurring after VET reached substantial highs.
Â
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VeChain (VET) Shows Signs of Stability After Volatile Surge
At press time, VeChain (VET) was trading at $0.02391, marking a 2.37% increase in the past 24 hours. Historical data shows that VET experienced a significant price spike during the 2024-2025 period, rising above $0.60000 USDT before a sharp correction.
This pattern indicates substantial price movement followed by a quick decline, suggesting a fluctuating market. The recent downward trend reflects VET returning to a more stable price level, signaling a period of consolidation.
VeChain (VET) Shows Signs of Recovery Amid Mixed Indicators
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Donât miss this opportunity; join the pre-sale at the official website [(PlayAiGames.Online)
On a 1-day time frame, VeChain (VET) has shown slight recovery, currently priced at $0.02383 USDT. The daily range fluctuated between a high of $0.02404 USDT and a low of $0.02373 USDT, resulting in a modest increase of $0.00009 USDT, or 0.38%.
Source:Â TradingView
The RSI, at 37.20, indicates bearish conditions but its upward movement suggests growing buying momentum. The MACD also points to weakening bearish momentum, as evidenced by the decreasing red bars on the histogram. These indicators suggest a potential shift in market sentiment, though caution is advised.
On CoinMarketCap, VETâs daily price chart shows a bullish trend, with the current price at $0.0291 USD. The price has experienced consistent gains, peaking around $0.0240 USD before stabilizing near $0.0238 USD. This upward movement indicates strong buying pressure and reflects increasing market interest and confidence in VeChain.
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Donât miss this opportunity; join the pre-sale at the official website [(PlayAiGames.Online)
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Vet #VECHAIN #VTHO #TONonBinance #XRPVictory $VET $BTC $SOL
VeChain (VET) Positioned for Growth
VeChain (VET) is gaining attention in the blockchain sector for its emphasis on sustainability and practical applications. Recent progress underscores the platformâs capacity to transform different industries.
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Professor Qi Ge, a leading figure on VeChainâs Steering Committee, is spearheading innovative research into the combination of 2D materials and blockchain to develop sustainable solutions.
VeChainâs Sustainability Impact
One promising area of research involves biofuel cells that utilize bacteria to generate electricity, offering a clean and renewable energy source. Blockchain, particularly VeChainThor, could play a vital role in monitoring and regulating these processes to ensure efficient and sustainable global energy production.
VeChainâs partnership with BCG underscores its dedication to sustainability. This collaboration aims to harness blockchain technology to reduce carbon emissions and advocate for eco-friendly practices across various industries.
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VeChain showcases its versatility through a wide range of applications. From digital product passports that authenticate goodsâ origins to initiatives promoting environmental conservation, VeChain is revolutionizing business operations and promoting sustainable practices.
VeChainâs NFT Market Entry, Token Growth, and Technical Analysis
VeChain recently launched a Marketplace-as-a-Service platform, simplifying the creation of NFT marketplaces. This strategic move positions VeChain to tap into the rapidly growing asset tokenization market, forecasted to reach $16 trillion by 2030.
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VeChainâs (VET) token has experienced notable growth in recent months, surging by 158% over the past six months. With a solid market capitalization exceeding $3 billion, VET emerges as a promising contender in the cryptocurrency landscape.
Also Read:Â Â Â Will ADA Drop to $0 Before Bitcoin's Halving?
Technical indicators suggest a balanced momentum for VET, exhibiting both bullish and bearish signals. Monitoring support and resistance levels ($0.037040 to $0.07854) will be essential for gauging VETâs future price trends.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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#Bitcoin #Ethereum #Crypto #VECHAIN #VET $VET $VTHO
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Professor Qi Ge, a leading figure on VeChainâs Steering Committee, is spearheading innovative research into the combination of 2D materials and blockchain to develop sustainable solutions.
VeChainâs Sustainability Impact
One promising area of research involves biofuel cells that utilize bacteria to generate electricity, offering a clean and renewable energy source. Blockchain, particularly VeChainThor, could play a vital role in monitoring and regulating these processes to ensure efficient and sustainable global energy production.
VeChainâs partnership with BCG underscores its dedication to sustainability. This collaboration aims to harness blockchain technology to reduce carbon emissions and advocate for eco-friendly practices across various industries.
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VeChain showcases its versatility through a wide range of applications. From digital product passports that authenticate goodsâ origins to initiatives promoting environmental conservation, VeChain is revolutionizing business operations and promoting sustainable practices.
VeChainâs NFT Market Entry, Token Growth, and Technical Analysis
VeChain recently launched a Marketplace-as-a-Service platform, simplifying the creation of NFT marketplaces. This strategic move positions VeChain to tap into the rapidly growing asset tokenization market, forecasted to reach $16 trillion by 2030.
Chika Moji New Memecoin Claim Instant 100,000 Chika Tokens $100 Free, Claim Airdrop Now On ChikaMoji.lol
VeChainâs (VET) token has experienced notable growth in recent months, surging by 158% over the past six months. With a solid market capitalization exceeding $3 billion, VET emerges as a promising contender in the cryptocurrency landscape.
Also Read:Â Â Â Will ADA Drop to $0 Before Bitcoin's Halving?
Technical indicators suggest a balanced momentum for VET, exhibiting both bullish and bearish signals. Monitoring support and resistance levels ($0.037040 to $0.07854) will be essential for gauging VETâs future price trends.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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#Bitcoin #Ethereum #Crypto #VECHAIN #VET $VET $VTHO
đ VeChain Leverages RWAs and Sustainability for Massive Growth by 2030, VET Bullish
VeChain targets RWAs and sustainability for massive growth by 2030.VeChain attracted over 3 million new holders in April, demonstrating global adoption and confidence in its technology.VeChainâs commitment to transparency, ethical practices, and carbon footprint reduction positions it as a sustainable ecosystem.
As we look ahead to the next decade, VeChainâs value prospects are drawing increasing attention, fueled by two key narratives: Real World Assets (RWAs) and sustainability. Collaborating with FRAC, a leader in fractional asset trading, VeChain leveraged its Near Field Communication (NFC) technology to enhance security and provide immutable authentication for RWAs.
đž What are Real World Assets (RWAs)
These are tangible assetsâthink real estate, fine art, or even vintage carsâthat are tokenized on the blockchain. By doing so, VeChain ensures transparency, traceability, and trust in the ownership and transfer of these assets.
đŹ RWAs are projected to be worth $16 to 68 TRILLION by 2030âŠ
Sustainability: $26 TRILLION by 2030@vechainofficial, aiming at both narratives, is primed to have one HELL of a bull run!
Big thank you to @sunshinelu24! #VET #VECHAIN PRICE â Aj
The projected worth of RWAs by 2030 is staggering, as we can see fron the post below, VeChain CEO, Sunny Lu draws light to an expected $26 trillion in RWA. Thus, VeChainâs strategic focus on this market positions it for substantial growth.
Investors recognize the potential of tokenized RWAs, as they offer fractional ownership, liquidity, and accessibility to a wider audience. VeChainâs technology bridges the gap between traditional assets and the digital world, making it an attractive proposition for both institutional and retail investors.
đž Sustainability: A Global Imperative
VeChainâs blockchain ensures transparency throughout the supply chain. From raw materials to finished products, every step is recorded, verified, and accessible.
$VET
VeChain targets RWAs and sustainability for massive growth by 2030.VeChain attracted over 3 million new holders in April, demonstrating global adoption and confidence in its technology.VeChainâs commitment to transparency, ethical practices, and carbon footprint reduction positions it as a sustainable ecosystem.
As we look ahead to the next decade, VeChainâs value prospects are drawing increasing attention, fueled by two key narratives: Real World Assets (RWAs) and sustainability. Collaborating with FRAC, a leader in fractional asset trading, VeChain leveraged its Near Field Communication (NFC) technology to enhance security and provide immutable authentication for RWAs.
đž What are Real World Assets (RWAs)
These are tangible assetsâthink real estate, fine art, or even vintage carsâthat are tokenized on the blockchain. By doing so, VeChain ensures transparency, traceability, and trust in the ownership and transfer of these assets.
đŹ RWAs are projected to be worth $16 to 68 TRILLION by 2030âŠ
Sustainability: $26 TRILLION by 2030@vechainofficial, aiming at both narratives, is primed to have one HELL of a bull run!
Big thank you to @sunshinelu24! #VET #VECHAIN PRICE â Aj
The projected worth of RWAs by 2030 is staggering, as we can see fron the post below, VeChain CEO, Sunny Lu draws light to an expected $26 trillion in RWA. Thus, VeChainâs strategic focus on this market positions it for substantial growth.
Investors recognize the potential of tokenized RWAs, as they offer fractional ownership, liquidity, and accessibility to a wider audience. VeChainâs technology bridges the gap between traditional assets and the digital world, making it an attractive proposition for both institutional and retail investors.
đž Sustainability: A Global Imperative
VeChainâs blockchain ensures transparency throughout the supply chain. From raw materials to finished products, every step is recorded, verified, and accessible.
$VET
