VeChain

<ul><li>If current support holds, VeChain&#39;s price could rally to $0.04015, marking a 160.93% increase.</li><li>Crucial support is found at $0.021, stability here is vital for reversing the downward trend.</li><li>A recent breakout from a shorter timeframe suggests a potential uptrend initiation for VeChain.</li></ul>VeChain (VET) has been navigating a downward trajectory since early April, as outlined in a recent analysis by a prominent crypto analyst on X. This trend continued through May, with the <a href="https://cryptotale.org/vechain-nears-critical-breakout-point-amid-falling-wedge-pattern/" rel="noopener noreferrer nofollow">price</a> consistently forming lower highs and lower lows, signaling a robust bearish momentum within a descending channel. The analysis was shared on a well-known trading platform, <a href="https://x.com/WorldOfCharts1/status/1810502276697522302" rel="noopener noreferrer nofollow">highlighting</a> critical technical patterns and projections for VET.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdYXCRi48KxLUxgnhbupPUkH3EpBcoi5def76jq33aS5bXGW8ARofnn_Kff0aOuzy6P0I95mDv7Xb9Oai6fKoC_DFcsiuTkwWLING33EKNhHEcnVIwpP3aFbw6crPys43ahDz5xSgEokLulOEoNyVf-yWPw?key&#61;KCZfdwwMSYYxdTzSI-ZD1w" />According to the analyst, <a href="https://cryptotale.org/vechain-vet-faces-critical-resistance-will-it-break-through-0-035-resistance/" rel="noopener noreferrer nofollow">VeChain</a> is currently trading within a descending channel. However, a recent breakout in a shorter timeframe indicates a possible shift in momentum.<a href="https://cryptotale.org/vechain-eyes-major-reversal-analysts-predict-surge-beyond-0-04/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

VeChain Eyes Major Reversal: Analysts Predict Surge Beyond $0.04

CryptoTale

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