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VET Price nEWS

VeChain (VET) Eyes 140% Surge After Bybit Listing and Bullish Breakout

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Key Takeaways:

  • VeChain breaks out of a falling wedge pattern, signaling a bullish reversal supported by increasing volume.
  • Bybit lists VET on its Spot platform, boosting liquidity and exposure to new investors.
  • VET sees a slight price uptick to $0.02365 with daily trading volume jumping to $177.32 million.
  • Technical outlook points to a potential midterm rally toward $0.058, offering a 140% upside.

VeChain (VET) is gaining traction after breaking out of a falling wedge pattern, signaling a potential bullish reversal. The momentum was further amplified by a key catalyst, VET’s official listing on the centralized exchange Bybit.

Bybit Lists VET, Boosting Liquidity and Visibility

On Monday, Bybit announced the listing of VeChain (VET) on its Spot trading platform, marking a significant move for the supply-chain-focused blockchain project. The listing process began with deposits opening at 6 AM UTC, followed by the start of trading at 10 AM UTC.

Withdrawals will be available from Tuesday at 10 AM UTC. The exchange integration is expected to significantly enhance liquidity and market access for VET, potentially drawing in a wider pool of investors.

In the hours following the announcement, VeChain experienced a slight price increase, now trading at $0.02365, up 1% on the day. Its 24-hour trading volume surged to $177.32 million, with the market capitalization currently at $2.04 billion.

VET Targets 140% Gains After Pattern Break

From a technical analysis perspective, VeChain has officially broken above the upper resistance of a falling wedge pattern on the daily chart. This structure is traditionally considered a bullish indicator, and the breakout is being validated by rising volume, a crucial confirmation of growing market interest.

With bullish momentum building, VeChain is now targeting a midterm rally toward $0.058, a potential 140% gain from current levels.

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VeChain (VET) Eyes 140% Surge After Bybit Listing and Bullish Breakout 2

The convergence of positive price structure, volume confirmation, and a new listing on a major exchange creates a compelling narrative for VeChain’s near-term prospects. As market sentiment improves and accessibility expands, VeChain could be setting the stage for a powerful upside move.

Related Reading | Is a Summer Bitcoin Rally Imminent? Falling Wedge Breakout Points to $110K Mark

VeChain (VET) Shows Signs of Recovery as Bullish Breakout Looms

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  • VeChain is showing signs of recovery after a steep decline, with a slight 0.14% price increase in the last 24 hours.
  • The formation of a descending wedge pattern suggests a potential bullish breakout.
  • Key support lies between $0.025–$0.027, while a breakout above $0.035 could confirm upward momentum.
  • If bullish pressure continues, VET could target $0.05925, with higher resistance levels at $0.07697 and $0.09725.

VeChain (VET) is showing promising signs of recovery after enduring a period of extreme turbulence and a sharp decline in value due to broader market instability. Over the past 30 days, VET has suffered a 39% drop, while the last week alone saw an 18% decline, reflecting the overall bearish trend in the crypto market. However, with Bitcoin leading a fresh surge, altcoins, including VeChain, are starting to regain momentum, hinting at a potential trend reversal.

At the time of writing, VeChain is priced at $0.027552, with a 24-hour trading volume of $88.12 million and a market capitalization of $2.23 billion. Despite the recent downtrend, VET has managed a 0.14% price increase in the last 24 hours, suggesting that buying pressure is gradually returning.

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VeChain (VET) Shows Signs of Recovery as Bullish Breakout Looms 5

VeChain Gearing Up for a Potential Rally

From a technical perspective, VeChain is forming a descending wedge pattern, a well-known bullish reversal indicator. This formation suggests that once the price breaks out, a significant upward move could follow.

The key support zone for VET lies between $0.025 and $0.027, marking a strong accumulation area where buyers have historically stepped in. A breakout above $0.035 would confirm a bullish shift, potentially paving the way for further gains.

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VeChain (VET) Shows Signs of Recovery as Bullish Breakout Looms 6

If bullish momentum sustains, VeChain could target $0.05925 as its first major resistance level, followed by $0.07697 as the second target. In an extended rally, VET could aim for its ultimate bullish target at $0.09725.

Given Bitcoin’s ongoing surge and improving market sentiment, VeChain appears poised for a potential comeback. However, the next few days will be crucial in determining whether VET can sustain its recovery or if further consolidation is needed before a breakout occurs.

Related Reading | Bitcoin (BTC) Struggles at Key Levels: Is a Breakout Possible?

VeChain (VET) Price Analysis: Analysts Eyes Potential $0.50 Target

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VeChain (VET) is poised for significant upward momentum, attracting analysts’ and investors’ attention. Despite encountering obstacles in surpassing resistance levels and maintaining a gradual pace, VET exhibits promising potential for rapid growth over the long-term. Having recently rebounded from a critical support level, VET displays renewed strength. In the past week, it has showcased resilience with a 4% increase, indicating its capacity to recover from setbacks.

At the time of writing, the price of VeChain sits at $ 0.034686, with a 24-hour trading volume of $ 49.54M and a market cap of $ 2.52B. Despite a slight 1.61% decrease in the last 24 hours, VET continues to hold promise for future growth.

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VeChain (VET) Price Analysis: Analysts Eyes Potential $0.50 Target 10

Analyst Predicts VeChain to Surge 500%

Cryptocurrency analyst Crypto EA has brought attention to VeChain’s recent behavior concerning its lower Bollinger Bands (BB). In the past, when VET touched these bands, its price surged significantly, jumping from $0.013 to $0.055. Presently, VET finds itself again at these lower Bollinger Bands, currently at $0.035. Moreover, it’s notable that VET is testing a horizontal resistance level, now acting as a support.

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Looking ahead, VeChain’s next price target is set at $0.10. Considering factors such as Altseason, hype, FOMO (Fear of Missing Out), and RWA (Real World Adoption), it’s speculated that VET could experience a substantial movement of at least 500%, reaching $0.50. 

Furthermore, another prominent crypto analyst, World Of Charts, shared a bullish outlook on VeChain prices. World Of Charts pointed to the fact that VET had bounced from a real solid support level, generally called the Accumulation Zone Area, as one of the important reasons behind being bullish.

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In addition, World Of Charts foresees a significant bullish wave coming in the next weeks, projecting that VeChain can witness a surge of value within the 400-500% range. From this bullish forecast, it seems that an adequate environment is developing for investors and traders in VeChain, showing significant returns on investments.

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