There are positive sentiments surrounding VeChain (VET) in the crypto market. Previously, there was less regard for this token due to its massive fluctuations in the market. But that seems to be changing after seeing the token maintain a bullish trajectory for a long time.
VeChain (VET) Moves on to a Bullish Price Trajectory
- VeChain (VET) is one of the cryptocurrencies maintaining a low profile in all the buzz going on in the market. Apparently, many investors aren’t aware of the silent moves this token is making in the crypto market. Moreover, charts from several sources confirm that irresistible bullish patterns are forming. One of the things to point out is that buyers gained momentum, overtaking the crucial hurdle of $0.02500. Furthermore, some of the crucial moving averages for this token are seeing incredible growth.
- According to the charts, it denotes the higher high formation, and bulls look aggressive. Nevertheless, it also shows that the buyers have more control over the sellers. Subsequently, this keeps the price of this token moving consistently to the top. Another thing to point out is the trading volume increased by 2.32% to $76.62 Million. Furthermore, other metrics like the market cap also show incredible growth, increasing to $2 billion.
People are Buying VeChain (VET) Aggressively
- One of the crucial things to note is that people are buying up VeChain (VET) at an incredible rate. Consequently, one can see the increasing gains and display of higher high formation for the past sessions. Some of the data suggests that buyers are trying to hold on to the $0.03000 mark so as to extend the buying action. Moreover, there seems to be a clash between buyers and sellers. Hence, many analysts are buying into neutrality.
- According to the Fibonacci retracement levels, VeChain (VET) is trying to maintain the 50%. Thus, it confirms the neutrality many analysts see talking about. But an analyst is taking his predictions to a whole new level. Apparently, these analysts think VeChain (VET) stands the chance of getting to as high as 2,230%.
Analyst Ali Martinez Makes Outrageous Prediction
- The recent prediction from one of the most prominent crypto analysts on Twitter produced mixed feelings about VeChain (VET). So, he says VeChain (VET) looks poised to break out of its immediate resistance at $0.033. Furthermore, this analyst made mention of VeChain (VET) going back to the patterns of 2018 and 2020. Apparently, this means there could be a breakout, taking the price of VeChain (VET) to as high as $0.70.
Conclusion
VeChain (VET) is receiving a lot of positive predictions from many crypto analysts. Apparently, a lot of them are more in favor of VeChain (VET) continuing to maintain its neutrality. However, some of them are making extra optimistic predictions. According to one of them, he says there is a chance of an increase of 2,230% Rally from this token. Nevertheless, one should approach trading with caution.
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
