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<p>In the weekly chart, the VET price action showcases a massive breakout rally at play. This also marks a trend-reversal rally, gaining momentum as it surpasses the $0.050 psychological mark.&nbsp;</p><p>With the new bullish rally at play, will the VET prices reclaim the $0.10 psychological mark? Let's find out in our recent VET price action analysis.&nbsp;</p><h2 class="wp-block-heading" id="h-vet-price-analysis">VET Price Analysis</h2><p>In the weekly chart, the VET price action showcases a long-coming resistance trendline, keeping the bullish growth under check. This resistance trendline started as the 2021 bull market started to lose momentum.&nbsp;</p><figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/12/03152119/4CHgVQLg-1024x509.webp" alt="VET Price Analysis" class="wp-image-388450"></figure><p><a href="https://www.tradingview.com/x/4CHgVQLg/" rel="noopener noreferrer nofollow">Tradingview</a></p><p>During this, the VET price fell to a low of $0.01317 in June 2023. However, since then, the VET price action has started to form a higher low formation, resulting in a support trendline. Therefore, the VET price movement has given rise to a symmetrical triangle pattern.&nbsp;</p><p>In the recent bullish turnaround, the price surge from Nov. 5 resulted in a 256% rally. Starting from $0.018, the VET price has reached the current market price of $0.066.&nbsp;</p><p>This has resulted in five consecutive bullish candles and surpassed the 23.60% Fibonacci level at $0.045. Further, it results in a new 52-week high at $0.070 and increases the chances of an uptrend continuation.&nbsp;</p><h2 class="wp-block-heading" id="h-vechain-technicals-and-price-targets-nbsp">VeChain Technicals and Price Targets&nbsp;</h2><p>The bullish turnaround has resulted in a merger between the 50- and 200-week EMA lines, which increases the possibility of a golden crossover. Furthermore, the MACD and signal lines have regained a positive alignment with the bullish histograms resurfacing. Hence, the technical indicators project a bullish extension of the VET rally.&nbsp;</p><p>Based on the trend-based Fibonacci levels, the upside price target for VeChain stands at $0.1846, which could result in a new all-time high beyond $0.2823. On the flip side, the $0.050 will likely remain a strong support.&nbsp;&nbsp;</p><p>Read More: <a href="https://coinpedia.org/price-prediction/vechain-price-prediction/" rel="noopener noreferrer nofollow">VeChain Price Prediction: Will VET Price Hit $0.50?</a></p><h2 class="wp-block-heading" id="h-faqs">FAQs</h2><div class="schema-faq wp-block-yoast-faq-block"><div class="schema-faq-section" id="faq-question-1733219612936"><strong class="schema-faq-question">1. What is the next target for VeChain (VET)?</strong><p class="schema-faq-answer">The next price targets are $0.10 and $0.1846, based on Fibonacci levels.</p></div><div class="schema-faq-section" id="faq-question-1733219627161"><strong class="schema-faq-question">2. What is the key support level for VET?</strong><p class="schema-faq-answer">The $0.050 level is a strong support for VeChain’s price.</p></div><div class="schema-faq-section" id="faq-question-1733219627945"><strong class="schema-faq-question">3. Can VeChain reach a new all-time high?</strong><p class="schema-faq-answer">Yes, VeChain could potentially hit a new all-time high beyond $0.2823 if the bullish trend continues.</p></div></div>

VET Price Hits 52-Week High With Triangle Break, Targets $0.18

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