VeChain Analyst Anticipates Bullish Surge as VET Targets Key Levels

VeChain analyst anticipates bullish surge, emphasizing key VET/ETH chart dynamics.
VET’s potential 178x surge in focus as VeChain eyes crucial resistance levels.
Minimal retracement signals VeChain’s path to $0.09; community eagerly watches.

In the dynamic world of crypto, a VeChain tokens analyst provides insights into the future trajectory of VET (VeChain) and VTHO (VeChainThor). Despite the current surge in VeChain’s value, the analyst highlights a crucial chart that demands attention from investors.

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The VET/ETH (VeChain Token/Ethereum) pairing is currently positioned below a significant Support/Resistance (S/R) level for VET. The analyst emphasizes that the real excitement is yet to unfold, suggesting that once this critical level is surpassed, a remarkable surge is expected.

Notably, in the last market cycle, VET demonstrated an extraordinary 178x increase, hinting at the potential for further substantial gains. The analyst shares an update on the VET/ETH pairing, noting that it is making its second attempt to break above the most prominent Weekly S/R level before entering a parabolic phase.

The chart exhibits a pattern of higher highs and higher lows, raising expectations for a breakthrough on the third attempt. Expressing confidence in VeChain’s future performance, the analyst asserts that it’s only a matter of time before VET experiences an upward trajectory.

The market analysis indicates minimal retracement, with the next significant level to watch being around $0.06. Upon successfully flipping this midpoint, the analyst foresees a clear path for VET to reach $0.09.

As the crypto community eagerly awaits these potential milestones, VeChain enthusiasts are keeping a close eye on the market, anticipating exciting developments in the coming weeks. VeChain’s resilience and positive momentum remain a focal point for investors and analysts alike.

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Lauren Cole

A focused and vigilant storyteller for all things blockchain and cryptocurrency. Besides consuming every piece of literature about the metaverse, she can often be found at industry convections looking for the latest scoop.