VeChain

Resistance

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<ul>
 <li>VeChain’s native token VET saw a big price surge.</li>
 <li>The breakout was caused by high VET ETF speculations.</li>
 <li>VET heads towards the next big resistance level, another breakout will be very bullish.</li>
</ul>
<p>Amid the steady sideways movement of the crypto market, many altcoin charts are showing potential for a massive price surge. In particular, VeChain (VET) chart signals indicate pivotal breakouts and suggest a great price surge.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24VET&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$VET</a> PUMPING HARD<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>After the retest of the formation, <a href="https://twitter.com/hashtag/VET?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#VET</a> is rising hard!<br><br>We are seeing more than a 5% increase already<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Did you take this trade on <a href="https://twitter.com/hashtag/VeChain?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#VeChain</a> ? <a href="https://t.co/i6ZIXvrJ44" rel="noopener noreferrer nofollow">https://t.co/i6ZIXvrJ44</a> <a href="https://t.co/cZI1IczqBJ" rel="noopener noreferrer nofollow">pic.twitter.com/cZI1IczqBJ</a></p>— Crypto Yapper (@CryptoYapper) <a href="https://twitter.com/CryptoYapper/status/1795127071028773321?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 27, 2024</a>
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<p>As we can see from the post above, one analyst noticed that VET price is pumping hard. The sudden breakout was expected earlier that day when a retest of formation took place and a <a href="https://cryptonewsland.com/vechain-announces-bullish-partnership-for-carbon-management-with-shanghai-firm-as-vet-price-prints-breakout-pattern/" target="_blank" rel="noopener noreferrer nofollow">breakout was expected</a>.&nbsp;</p>
<p>Just as the analyst predicted, the VET price did breakout and surge by over 5%. The analyst then notices that the VET price is increasing by more than 5% in this run. In response other analysts say 5% pump is nothing to be excited about.&nbsp;</p>
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   <p lang="en" dir="ltr"><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/search?q=%24VET&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$VET</a> upcoming resistance. Watch out!<br><br>Bullish if it breaks! <a href="https://t.co/1aiJnhdD5o" rel="noopener noreferrer nofollow">https://t.co/1aiJnhdD5o</a> <a href="https://t.co/AUd9ESXy0s" rel="noopener noreferrer nofollow">pic.twitter.com/AUd9ESXy0s</a></p>— CryptoBusy (@CryptoBusy) <a href="https://twitter.com/CryptoBusy/status/1795179313534271680?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 27, 2024</a>
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<p>To this another analyst steps in and marks the importance of the pump. He says this pump brings the VET price closer to the next resistance band. If VET price were to break out of this resistance line then it is a very bullish sign if it breaks through.</p>
<p>VeChain has shared many milestone and achieved incredible accomplishments through its journey so far. In this year alone the project launched <a href="https://vebetterdao.org/" target="_blank" rel="noopener noreferrer nofollow">VeBetterDAO</a> and is gearing up to launch the mainnet next month.&nbsp;</p>
<p>The project has also placed itself as a leader in the RWA, sustainability sector, and the greeted crypto realm. So much so that the project represented crypto in a discussion with the UK government about taking a new crypto-positive direction.&nbsp;</p>
<p>This paired with VeChain’s blockchain supply chain and sustainability-driven initiatives with big names like the UFC and the Italian Open certainly puts it at a top level. According to many analysts it is only a matter of time till the VET price breaks its previous ATH.</p>
<p>The added expectation of a <a href="https://x.com/fookelon/status/1795048827717599288" target="_blank" rel="noopener noreferrer nofollow">possible VET ETF listing</a> has also added fuel to the already high expectation for a massive VET price rally. Will VET price surpass its previous ATH and surpass $1 and will it do so before or <a href="https://cryptonewsland.com/vet-etf-possibility-fuels-vet-price-predictions-could-vechain-price-100x-if-vet-etf-is-confirmed/" target="_blank" rel="noopener noreferrer nofollow">after an ETF approval</a>?&nbsp;</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/vets-bullish-future-anticipating-a-surge-past-0-0943-in-2024/" rel="noopener noreferrer nofollow">VET’s Bullish Future: Anticipating a Surge Past $0.0943 in 2024</a></li>
 <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/when-will-vechains-vet-token-surpass-the-0-0993-milestone-in-2024/" rel="noopener noreferrer nofollow">When Will VeChain’s VET Token Surpass the $0.0993 Milestone in 2024?</a></li>
 <li><a href="https://cryptonewsland.com/vet-etf-possibility-fuels-vet-price-predictions-could-vechain-price-100x-if-vet-etf-is-confirmed/" rel="noopener noreferrer nofollow">VET ETF Possibility Fuels VET Price Predictions, Could VeChain Price 100X If VET ETF Is Confirmed?</a></li>
 <li><a href="https://cryptonewsland.com/2024-vechain-price-forecast-vet-to-break-through-0-1032/" rel="noopener noreferrer nofollow">2024 VeChain Price Forecast: VET to Break Through $0.1032</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/vechain-price-pumps-as-vet-etf-speculation-rises-vet-heads-towards-next-resistance-level-bullish-if-breaks/" rel="noopener noreferrer nofollow">VeChain Price Pumps as VET ETF Speculation Rises, VET Heads Towards Next Resistance Level, Bullish If Breaks</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

VeChain Price Pumps as VET ETF Speculation Rises, VET Heads Towards Next Resistance Level, Bullish If Breaks

Crypto News Land

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