VET Charts Paint Extremely Bullish Signs, Golden Ratio Retested

  • VeChain’s VET sees 15% surge, sparking analysts’ predictions of 50x-140x gains.
  • Analysts like CryptoBusy and Egrag Crypto foresee VET hitting $0.5-$2.
  • VeChain’s real-world adoption, strong partnerships, and imminent reveal contribute to its momentum.

VeChain‘s VET token experiences a 15% surge amid the crypto market rally, but analysts foresee unprecedented gains, predicting a 50x to 140x increase in the upcoming bull market. In particular, two analysts share their thoughts.

Read CRYPTONEWSLAND on Google News google news

In the chart displayed above, crypto analyst CryptoBusy says VET price has retested the major 382 golden ratio. He marks this to be a very bullish move for the asset. He says this means that the price is now ranging inside the bullish zone and predicts the assets next price to hit $0.5 and 618 levels.

Meanwhile, another popular crypto analyst, Egrag Crypto, suggests VET could reach $0.9 or even $2, based on historical percentage gains. Other analysts, like Crypto ZX, anticipate new highs if VET breaks key resistance levels around $0.033, a level it has recently surpassed. The broader market boost, particularly Bitcoin’s rise, fuels VeChain’s current rally.

Egrag Crypto’s bullish prediction hinges on VET replicating its 2019 and 2021 percentage gains. The current excitement around VeChain is not isolated, with Crypto ZX identifying breakout levels for VET.

Amidst the crypto market’s $600 million investment inflow last week, VeChain’s 24-hour trading volume surged by 42%, securing its position as a top 35 project with a market capitalization of $3.6 billion and a current value of $0.05 per VET.

VeChain’s momentum extends beyond market sentiment, with its focus on enterprise blockchain for supply chain management garnering attention from global companies, including Walmart China, Bayer China, and collaborations with the Chinese government. Real-world adoption in key industries positions VeChain for substantial growth.

Despite all these bullish predictions the VeFam and the broader crypto market is expecting a big reveal from VeChain CEO Sunny Lu later today. This news is expected to spark a bull run for VET shooting its value to possible ATH.

Read Also

Crypto News Land ( , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

related posts