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<ul>
 <li>Technical indicators hint at bullish trend reversal for (VeChain) VET.</li>
 <li>Past crossovers led to substantial price surges for VeChain (VET).</li>
 <li>Positive market trends position VeChain for transformative growth.</li>
</ul>
<p><a href="https://www.vechain.org/" target="_blank" rel="noopener noreferrer nofollow">VeChain (VET)</a> is gearing up for a significant bull run, displaying compelling technical indicators that suggest a bullish trend reversal. The 21-week Exponential Moving Average (EMA) is on the <a href="https://www.ethnews.com/vechain-vet-primed-for-a-major-bull-run-as-key-technical-indicators-align/?feed_id=1274&amp;_unique_id=6552f4ccbbaaf" target="_blank" rel="noopener noreferrer nofollow">verge of crossing</a> above the 55-week Moving Average (MA) at the critical $0.035 level.</p>
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   <p lang="en" dir="ltr">VeChain (VET) Primed for a Major Bull Run as Key Technical Indicators Align <a href="https://t.co/qNRAdMJNow" rel="noopener noreferrer nofollow">https://t.co/qNRAdMJNow</a><a href="https://twitter.com/hashtag/VeChain?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#VeChain</a> <a href="https://twitter.com/hashtag/VET?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#VET</a><a href="https://t.co/qNRAdMJNow" rel="noopener noreferrer nofollow">https://t.co/qNRAdMJNow</a></p>— ETHNews (@ETHNews_com) <a href="https://twitter.com/ETHNews_com/status/1724280314044813669?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 14, 2023</a>
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<p>Market analyst EGRAG highlights the potential bullish crossover as a robust buy signal, indicating a strengthening of the short-term trend over the long-term trend. Historical data reveals that similar crossovers in the past led to substantial price increases for VET.</p>
<p>Examining VeChain’s history, the last crossover in June 2020 <a href="https://cryptonewsland.com/vechain-vet-and-vethor-vtho-saw-prices-surges-from-coinbase-listing/" target="_blank" rel="noopener noreferrer nofollow">preceded a surge</a> from $0.00717 to $0.0229 in just two months, eventually reaching an all-time high of $0.2798 in April 2021—a remarkable 3,802% increase over ten months. However, a subsequent decline in momentum in January 2022 led to a significant drop in VET’s price.</p>
<h3 class="wp-block-heading" id="h-vechain-s-current-market-trend">VeChain’s Current Market Trend</h3>
<p>VeChain’s current market trend is positive, showing a 34% increase in the past month. The impending crossover of the 21-week EMA above the 55-week MA strengthens the bullish outlook. With the 21 EMA at $0.0188 and the 55 MA at $0.0199, both exhibiting upward trends, VET’s positive market movement is reinforced.</p>
<p>For a definitive confirmation of the bullish trend, VeChain needs to secure a weekly close above the $0.035 level, last achieved in May 2022. Presently VET is trading at $0.02193 and is in a place above both moving averages. EGRAG expresses <a href="https://cryptonewsland.com/vechain-ceo-talks-the-future-of-vechain-on-fireside-chat/" target="_blank" rel="noopener noreferrer nofollow">confidence in VeChain’s growth</a> potential, although specific price targets post-crossover remain speculative.</p>
<p>As VeChain stands on the cusp of a potential transformative period, investors and enthusiasts closely monitor its journey. With stable trading volumes and growing investor interest, VeChain’s potential crossover could usher in a new era of growth and financial opportunities in its market history.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/analyst-predicts-8424-price-spike-for-vechain-vet-to-1-6/" rel="noopener noreferrer nofollow">Analyst Predicts 8,424% Price Spike for VeChain (VET) to $1.6</a></li>
 <li><a href="https://cryptonewsland.com/vet-support-walmarts-food-safety-traceability-platform/" rel="noopener noreferrer nofollow">VET Support Walmart’s Food Safety Traceability Platform</a></li>
 <li><a href="https://cryptonewsland.com/cardano-ada-vechain-vet-show-bullish-performance-new-ath-soon/" rel="noopener noreferrer nofollow">Cardano (ADA), VeChain (VET) Show Bullish Performance. New ATH Soon?</a></li>
 <li><a href="https://cryptonewsland.com/vechain-vet-and-vethor-vtho-saw-prices-surges-from-coinbase-listing/" rel="noopener noreferrer nofollow">VeChain (VET) and VeThor (VTHO) Saw Prices Surges From Coinbase Listing</a></li>
 <li><a href="https://cryptonewsland.com/vechain-ceo-talks-the-future-of-vechain-on-fireside-chat/" rel="noopener noreferrer nofollow">VeChain CEO Talks the Future of VeChain on Fireside Chat</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/vechain-vet-signals-impending-bull-run-with-key-technical-alignments/" rel="noopener noreferrer nofollow">VeChain (VET) Signals Impending Bull Run with Key Technical Alignments</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

VeChain (VET) Signals Impending Bull Run with Key Technical Alignments

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