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<p>Enterprise blockchain project VeChain’s VET token appears to be gearing up for a massive breakout, according to crypto trader <a href="https://twitter.com/WorldOfCharts1/status/1752259670830371036" target="_blank" rel="noopener noreferrer nofollow"><strong>World of Charts</strong></a>. VET looks poised for a decisive move after coiling in a symmetrical triangle consolidation pattern.</p>
<p>As highlighted, VET is pressing up against crucial long-term trendline resistance after establishing higher support lows in the pattern:</p>
<p><em>“vechain Vet Seems Like Now #Vet Is Ready For Massive Breakout Moving In Symmetrical Triangle Formed New Higher Low And Preparing For Another Higher High Incase Of Major Multi Year Trend Line Resistance Breakout”</em></p>
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<p>The repeated tests of this key barrier, combined with the triangle apex convergence, mean volatility is likely to emerge soon. An upside breakout could pave the way for a robust surge back towards highs around $0.20.</p>
<p>This aligns with analysis from altFINS noting VET’s developing falling wedge formation, another constructive consolidation pattern that tends to resolve bullishly.</p>
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<p>Still, until the breakout and resistance give way, risks remain tilted to the downside. Only a move above $0.034 would officially change VET’s posture to bullish. Otherwise, weakening momentum could lead to one final capitulation leg below $0.20 before accumulation resumes.</p>
<p>But the repeated pressure being applied against resistance means VeChain looks poised for a significant directional stride. The coming sessions should provide traders with meaningful resolution if VET has enough momentum for a breakout or if a more ranging chop persists until the next attempt.</p>
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<p>The post <a href="https://captainaltcoin.com/vechain-looks-ready-for-a-massive-rally-vet-could-hit-20-if-it-makes-this-move/" rel="noopener noreferrer nofollow">VeChain Looks Ready For A Massive Rally; VET Could Hit $20 If It Makes This Move</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

VeChain Looks Ready For A Massive Rally; VET Could Hit $20 If It Makes This Move

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