VeChain

2024

Resistance

Read

<ul>
 <li>Analysts foresee significant gains for VET amid resistance testing.</li>
 <li>Ergag Crypto makes a VET prediction of $1.8 in 2024 cycle.</li>
 <li>Diverse reactions reflect uncertainty and optimism for VeChain’s future.</li>
</ul>
<p>As <a href="https://www.vechain.org/" target="_blank" rel="noopener noreferrer nofollow">VeChain</a> (VET) encounters resistance in its upward trajectory, market analysts offer contrasting yet optimistic predictions about the token’s next move. Despite differing views, both analysts highlight the testing of resistance as a crucial indicator, hinting at an imminent <a href="https://cryptonewsland.com/vechain-analyst-anticipates-bullish-surge-as-vet-targets-key-levels/" target="_blank" rel="noopener noreferrer nofollow">substantial surge for VeChain</a>.</p>
<p>Prominent crypto chart analyst, Ergag Crypto, leads the predictions with a forecast suggesting a significant peak in the VeChain cycle by October 2024, reaching $1.8.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/VET?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#VET</a> Cycle Peak: October 2024, Reaching $1.8<a href="https://twitter.com/hashtag/VET?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#VET</a> has entered the Descending channel <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"> which is <a href="https://twitter.com/hashtag/Bullish?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bullish</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;">. However, closing above Fib 0.5 which is coinciding with the Blue Trend line around 0.062c is the most critical stage for <a href="https://twitter.com/hashtag/VET?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#VET</a>.<br><br>Fib 0.5 &amp; Blue Trend Line:<br>Getting… <a href="https://t.co/ep3ZG5knEd" rel="noopener noreferrer nofollow">pic.twitter.com/ep3ZG5knEd</a></p>— EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1763845159676948838?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 2, 2024</a>
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<p>According to Ergag, VET’s entry into a descending channel is viewed as bullish, but the pivotal stage lies in surpassing Fib 0.5, coinciding with the Blue Trend Line around 0.062c. Rejection from this level may result in a descent drop, but any pullbacks are seen as favorable opportunities for buying or trading.</p>
<p>Ergag Crypto emphasizes the importance of the Cycle Top, projecting it to intersect at the end of the descending channel and Fib 1.618 in October 2024. While contemplating this as the potential cycle top date and price, he expresses a cautious approach, planning to take profits along the way, asserting that VET will unlock financial potential.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/VET?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#VET</a> Cycle Peak: October 2024, Reaching $1.8 ?<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br>Do you think it's possible ? <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/VeFam?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#VeFam</a> <a href="https://t.co/ts2eoVF2ck" rel="noopener noreferrer nofollow">https://t.co/ts2eoVF2ck</a></p>— Lucas Ⓥ (@LucaLucasv) <a href="https://twitter.com/LucaLucasv/status/1763906251367358870?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 2, 2024</a>
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<p>The positive sentiment is echoed by another analyst who affirms Ergag Crypto’s prediction. Responses within the community are mixed, with some expressing concerns about recent <a href="https://cryptonewsland.com/long-term-vet-holders-express-concern-after-vebetter-dao-reveal/" target="_blank" rel="noopener noreferrer nofollow">ecosystem changes scaring off long-term holders</a>.</p>
<p>However, a considerable number believe in the certainty of new highs for VET, especially given the <a href="https://vebetterdao.org/" target="_blank" rel="noopener noreferrer nofollow">current buzz</a> surrounding the VeChain project. As the VeChain community awaits further developments, the diverse responses showcase the dynamic perspectives on the token’s future, adding to the anticipation of VeChain’s next moves in the crypto market.</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/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>
 <li><a href="https://cryptonewsland.com/vechain-set-to-soar-predicted-to-break-through-0-783-in-2024/" rel="noopener noreferrer nofollow">VeChain Set to Soar: Predicted to Break Through $0.783 in 2024</a></li>
 <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/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/vechain-gears-up-for-major-reveal-at-mwc2024-vet-surge-loading/" rel="noopener noreferrer nofollow">VeChain Gears Up for Major Reveal at MWC2024, VET Surge Loading?</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/vechain-analysts-predict-significant-surge-as-vet-tests-resistance/" rel="noopener noreferrer nofollow">VeChain Analysts Predict Significant Surge as VET Tests Resistance</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

VeChain Analysts Predict Significant Surge as VET Tests Resistance

Crypto News Land

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