VeChain

Spike

Read

<ul>
 <li>VeChain (VET) is gaining significant bullish momentum, attracting attention from investors and analysts.</li>
 <li>The next target could be $0.10, and VET remains strong above the 0.236 Fibonacci retracement level.</li>
 <li>Fintech Insights suggests VeChain could reach between $0.50 and $0.70 by the end of 2024, driven by blockchain adoption in various industries.</li>
</ul>
<p><a href="https://cryptonewsland.com/vechain-breaks-out-above-descending-trendline/" rel="noopener noreferrer nofollow">VeChain (</a><a href="https://cryptonewsland.com/vechain-breaks-out-above-descending-trendline/" target="_blank" rel="noopener noreferrer nofollow">VET</a><a href="https://cryptonewsland.com/vechain-breaks-out-above-descending-trendline/" rel="noopener noreferrer nofollow">)</a> has lately shown significant bullish momentum. This has drawn attention not only from investors but also crypto analysts.</p>
<p>According to <a href="https://www.tiktok.com/discover/erdem-crypto" rel="noopener noreferrer nofollow">Crypto </a><a href="https://www.tiktok.com/discover/erdem-crypto" target="_blank" rel="noopener noreferrer nofollow">Erdem</a>, a popular analyst, has highlighted that VET is poised for significant upward movement after breaking out from a 20-week consolidation. He also pointed out that VET has surged by 60% in just 10 days, suggesting that the next target could be $0.10.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> BOOOOOOOOOOOOOOOM!!!<a href="https://twitter.com/search?q=%24VET&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$VET</a> BREAKOUT AFTER 20-WEEKS WITH WEEKLY CANDLE CLOSE!! <a href="https://t.co/jMVnKSTR3S" rel="noopener noreferrer nofollow">pic.twitter.com/jMVnKSTR3S</a></p>— Crypto EA (@Crypto_Erdemm) <a href="https://twitter.com/Crypto_Erdemm/status/1812616113127338188?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 14, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Niklas Theisen, another analyst, echoed similar sentiments, noting that VET has gained over 46% since its low on July 5. Theisen also highlighted that the price of VET will soar as long as it remains above the 0.236 Fibonacci retracement level. Additionally, he believes VeChain is one of the stronger assets in the market right now.</p>
<p>According to a <a href="https://www.fintech-insight.com/vechain-price-prediction/" rel="noopener noreferrer nofollow">Fintech </a><a href="https://www.fintech-insight.com/vechain-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Insights</a> report, VeChain could reach between $0.50 and $0.70 by the end of 2024. This will be driven by the increasing adoption and integration of blockchain technology in various industries.</p>
<p>This outlook is supported by VeChain’s real-world use cases in supply chain management, which have already attracted major partners like Walmart and PwC. These partnerships enhance transparency and efficiency, boosting investor confidence.</p>
<p>Moreover, prominent analysts foresee even more ambitious targets. This long-term <a href="https://cryptonewsland.com/vet-price-bullish-as-vechain-unveils/" rel="noopener noreferrer nofollow">bullish </a><a href="https://cryptonewsland.com/vet-price-bullish-as-vechain-unveils/" target="_blank" rel="noopener noreferrer nofollow">forecast</a> is contingent on VET maintaining its momentum and closing above key technical levels in the short term.&nbsp;</p>
<p>Meanwhile, VET is trading at $0.031 having appreciated by 7.92% in the past 24 hours and 34.52% in the 7 days. The monthly candle has crossed the 20 MA from the downside signaling more growth ahead.&nbsp;</p>
<p>On the other hand, the price has breached a key resistance as evidenced by the Bollinger bands on the daily chart. Additionally, the RSI reading (at 65) shows that VET isn’t overbought.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/vechain-at-a-key-support-level/" rel="noopener noreferrer nofollow">VeChain (VET) at a Key Support Level, Is it the Beginning of an Uptrend?</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/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/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/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>
</ul>
<p>The post <a href="https://cryptonewsland.com/vechain-poised-for-60-price-uptrend/" rel="noopener noreferrer nofollow">VeChain (VET) Poised for 60% Price Uptrend Following Key Breakout Move</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

VeChain (VET) Poised for 60% Price Uptrend Following Key Breakout Move

Crypto News Land

Andra artiklar publicerade 15 juli 2024

Former President Trump Set to Address Bitcoin Conference in Nashville After Surviving Attack

MoonBag Scalability Features Excite Crypto Enthusiasts While Pepe Coin And Pyth Network Fail to C...

BlackRock’s IBIT ETF Tops Bitcoin ETFs with $18.262B Inflows

Uniswap Milestone: Over 725,000 Unique Tokens Swapped in 2024

Pendle climbs 14% as Pendle Finance recovers from domain hijack attack

Investors Drive Interest in Bitcoin ETFs in the US

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!