VeChain

<ul><li>CryptoBusy analysis reveals VeChain entering an uptrend, signaling a market reversal and investor optimism.</li><li>VeChain&#39;s new uptrend phase, marked by higher lows, indicates a strong reversal from previous downtrends.</li><li>A recent VeChain surge of 41.56% over a week reinforces the bullish trend suggested by technical charts.</li></ul>In an analysis by CryptoBusy, <a href="https://cryptotale.org/vechains-account-abstraction-aims-to-bridge-the-gap-between-web2-and-web3/" rel="noopener noreferrer nofollow">VeChain</a> (VET) showcases promising signs of entering an uptrend phase, stirring interest among investors. The technical chart from early 2021 to September 2025 reveals critical market movements. A descending trend line initially marked the lower highs, signaling a downtrend. However, a significant shift occurred with a &#34;Break of Structure,&#34; where <a href="https://cryptotale.org/is-vet-experiencing-sustainable-growth-or-temporary-pump/" rel="noopener noreferrer nofollow">VET</a> broke through a pivotal resistance level, hinting at a potential market reversal.Moreover, the emergence of a new uptrend structure becomes evident as VeChain starts forming higher lows, a classic indication of bullish momentum. This transition is pivotal, suggesting a robust reversal from the preceding downtrend. The analysis highlights specific price levels, the most recent being $0.04526, preceded by $0.03297 and $0.02519. These figures are crucial, possibly acting as future support or resistance points.Additionally, the current market data adds to the narrative. VeChain&#39;s price, as of press time, was <a href="https://www.coingecko.com/en/coins/vechain" rel="noopener noreferrer nofollow">$0.04452</a>, following a slight dip of -1.94% in the last 24 hours. However, the bigger picture reveals a 41.56% surge over the past week, reinforcing the bullish outlook suggested by the technical chart.Read full article at <a href="https://cryptotale.org/is-vechain-poised-for-a-bullish-reversal-expert-weighs-in/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Is VeChain Poised for a Bullish Reversal? Expert Weighs in

CryptoTale

Outros artigos publicados em 20 de fev. de 2024

Tech Dominates World Governments Summit in Dubai

Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event

Bitcoin holdings on Coinbase drop to 9-year low amid $1B withdrawal

Minutes Network Unveils Plans To Onboard More Than 1 Billion Users By Q1 2026

Nassim Nicholas Taleb Critiques ChatGPT’s Reliability for Expert Tasks

Bulls Charge Ahead: Filecoin’s FIL and Hedera’s HBAR See Price Surges – What’s Fueling the Fire?

Join our free newsletter for daily crypto updates!