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VET Price Prediction

VeChain At 5-Year Low, Setting Stage For Potential Bull Market By 2025

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  • VeChain hits its lowest price in 5 years, offering a strong buying opportunity for investors looking to accumulate.
  • In 2019, VeChain surged 1,291% after reaching this level, signaling potential for a similar bullish trend ahead.
  • Santana predict a bull market by 2025, making VeChain’s current low price an ideal entry point for long-term investors.

VeChain (VETBTC) has hit the lowest point in the past five years. In a recent X post, Alan Santana revealed that VETBTC is currently at 340 satoshis, a point last reached in September 2019. This record low is the end of the bearish trend and will be a platform to the beginning of a bull run.

When VeChain touched this price in 2019, it initiated a massive bull trend. In the following 595 days, the token rose by 1,291%, helped by three major rallies. The current market conditions resemble the early 2019 indicating there is high potential for traders and investors to prepare for another bull market.

VeChain’s Upward Trend

VeChain is in the process of starting the very first wave of what could be a new upward trend. This move is expected to get even stronger as the global monetary policies change and the uptake of cryptocurrencies continue. There is, however, hope for a full bull market by 2025, although the rally may extend into 2026, according to analysts.

Long term investors should start buying VeChain during this phase to hold it for long time gains. The strategy is to buy at such low prices and then simply hold on to the investments regardless of the short-term changes. 

VeChain Accumulation Phase

This accumulation phase could lead to a great deal of profits as the market shifts into the next bullish trend. As the bear market has been ongoing for more than 1,200 days, VeChain is expected to be a bottomed out coin that will likely see an uptick in the future. As of now, VET is trading at $0.02218, showing a 1.19% decline over the past day.

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Source: TradingView

The analysis also provides for the possibility of an unprecedented bull market in 2025, perhaps one of the largest in the history of cryptocurrency. With the increase in the globalization of the economy, and the acceptance of cryptocurrencies, many investors could gain much. Given the fact that VET price are still low, even at the moment, this period is perfect for those who are ready to wait for several years in order to catch the wave in the future market.

VeChain (VET) Holds Strong: Analyst Eyes $0.05 to $0.250 Range and Long-term $1 Target

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VeChain (VET) has recently penetrated its medium to long-term rising trend channel, indicating the possibility of a slowdown in its upward momentum. This indicates that this cryptocurrency’s initial rate of ascent is weakening.’ While the price hovers at about the $0.03 support level, it is at an important point for the cryptocurrency.

A positive market reaction may develop if prices stay above this level. This may encourage upward movement potentially. Conversely, a downward break beneath $0.03 would indicate a negative sign pointing to the possibility of altering the trend’s direction.

However, despite these technical apprehensions, VeChain is poised for a major increase in price and has caught the attention of most market observers. The current cost of VeChain equals $ 0.034546, whereas 24-hour trading volume totals 36.30 million and market capitalization stands at $2.51 billion. However, there was a slight decline of 0.48% over the last 24 hours.

VETUSDT 2024 05 13 02 51 15 1
VeChain (VET) Holds Strong: Analyst Eyes $0.05 to $0.250 Range and Long-term $1 Target 4

Analyst Eyes Long-term $1 Target For VeChain

A well-known crypto analyst, Crypto Patel, recently offered an optimistic outlook on the future price trajectory of VeChain (VET). Patel’s analysis emphasizes the presence of VET Fractals in the High Time Frame (HTF), indicating a bullish path towards the significant milestone of $1.

In terms of accumulation, Patel identifies a strong support level at $0.030, pinpointed by the 200-week Exponential Moving Average (EMA). This suggests a strong foundation for VET at this price point, potentially mitigating downside risks.

Moreover, Patel lists down some goals that VET is likely to achieve in terms of price movement and these include $0.05, $0.08, $0.160, and $0.250. These targets represent potential milestones on the upward trajectory, providing investors with clear points to monitor for potential price action.

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The analyst projects a bullish long-term target of $1 for VET. Such a far-reaching objective suggests enormous growth potential beyond the current price levels and exhibits confidence in the VeChain’s underlying fundamentals and market dynamics.

However, the analyst recommends vigilance in timing the market since it becomes essential to be alert to the likely formation of bottoming out and trend reversal. In particular, Mr. Patel advises observing any developments during July, indicating a possible turning point in VET’s price trajectory.

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Analyst Predicts VeChain (VET) Bullish Wave, Points to Potential 400% Surge

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VeChain, a prominent cryptocurrency, is marking notable advancements within a consistently upward-moving trend channel, hinting at a growing sense of optimism among investors and signaling a sustained upward momentum in the foreseeable future. Currently, the currency is undergoing a pivotal assessment of its support level, hovering around 0.04 units. A successful holding of this support could spark a positive market response, fostering further growth in the VeChain ecosystem.

Conversely, a breach below this critical level might signify a shift in sentiment toward a more bearish outlook. Notably, trading volume has exhibited a pattern of peaking during market highs and dipping during lows, reinforcing the prevailing trend and indicating a continuation of the current trajectory.

As of the latest update, the price of VET stands at $0.039336. Over the past 24 hours, VET has witnessed a significant trading volume totaling $203.47 million, indicating robust activity within this period. With a reported market capitalization of approximately $2.86 billion, VeChain maintains its substantial position within the cryptocurrency market.

VET 1D graph coinmarketcap 12
Source: CoinMarketcap

However, VeChain has experienced a recent decrease in price, recording a decline of 13.76% over the past day. This dip suggests a short-term downward movement in the value of VeChain, potentially impacting investor sentiment and trading strategies.

VeChain’s Upward Trajectory Indicates 400% Surge

Nevertheless, despite this temporary setback, VeChain’s long-term trajectory and growth potential remain subjects of intense interest and speculation within the crypto community. Analysts and enthusiasts closely monitor its performance in the market, seeking insights into its future prospects.

Renowned crypto analyst, known as “World of Charts,” recently shared an optimistic outlook regarding the price trajectory of VET. In a comprehensive analysis, World of Charts highlighted highly favorable conditions surrounding VET, indicating a substantial upward trend.

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The analyst pointed out strong bullish indicators exhibited by VET, suggesting a promising trajectory for potential investors. With a projected bullish wave potentially reaching an impressive 400%, supported by meticulous retesting of crucial support levels and robust rebounds from multiple support zones, VeChain continues to capture attention as it charts its course in the volatile cryptocurrency landscape.

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