VeChain: Analyst Identifies Pattern That Could Push VET To $1
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VeChain (VET) seems to be gaining momentum after facing a 9.6% correction in the 14-day charts. The asset is up by 4.2% in the daily charts and 1.9% in the weekly. Moreover, VET’s price has surged by nearly 86% since March 2023.
Also Read: Should You Buy VeChain (VET) During the Ongoing Bull Run?
However, with Bitcoin’s (BTC) halving just around the corner, we may witness another market-wide rally soon.
VeChain (VET) predicted to hit $1
According to crypto analyst EGRAG CRYPTO, VET displays a cloning pattern, which could take the asset to $1.6. The analyst states, ‘I’ve applied the cloning technique to a previous cycle’s blue arrow pattern, and the current price action suggests that VET may be gearing up for some exciting moves.‘
Hitting $1.6 from current levels would translate to a growth of almost 3710%.
#VET Triple Bottom: Cloning Pattern ($1.6)
— EGRAG CRYPTO (@egragcrypto) March 22, 2024
I've applied the cloning technique to a previous cycle's blue arrow pattern, and the current price action suggests that #VET may be gearing up for some exciting moves.
The pattern indicates a potential rise to 0.115c, followed by a… pic.twitter.com/ujfjtmjQPn
Also Read: VeChain: Here Is When VET Could Hit $1
However, not everyone is as bullish as EGRAG CRYPTO. Changelly does not anticipate VeChain (VET) to breach the $1 mark this year. In fact, the platform does not expect VET to hit $1 anytime before 2032, about eight years from now. Changelly anticipates VET to hit a price of $1.03 in May 2032.
CoinCodex also does not project a bullish outlook for VeChain (VET). The platform anticipates VET’s price to consolidate even during Bitcoin’s (BTC) halving. CoinCodex predicts VET to trade at $0.043 on Apr. 12, 2024, a rise of about 2.3% from current levels.
Also Read: VeChain: ChatGPT Explains When VET Could Hit All-time High
However, it is also possible that VeChain (VET) will change its outlook over the next few weeks. If BTC reclaims its all-time high, there is a chance that we will witness a market-wide rally. In such a scenario, we may see a VET rally as well.
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Coins
$ 86.21K
-2.87%
$ 0.0106
-6.55%
$ 0.00...315
$ 1.58
$ 0.0391
+1.36%
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In This News
Coins
$ 86.21K
-2.87%$ 0.0106
-6.55%$ 0.00...315
$ 1.58
$ 0.0391
+1.36%Share:
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VeChain: Analyst Identifies Pattern That Could Push VET To $1
Share:
VeChain (VET) seems to be gaining momentum after facing a 9.6% correction in the 14-day charts. The asset is up by 4.2% in the daily charts and 1.9% in the weekly. Moreover, VET’s price has surged by nearly 86% since March 2023.
Also Read: Should You Buy VeChain (VET) During the Ongoing Bull Run?
However, with Bitcoin’s (BTC) halving just around the corner, we may witness another market-wide rally soon.
VeChain (VET) predicted to hit $1
According to crypto analyst EGRAG CRYPTO, VET displays a cloning pattern, which could take the asset to $1.6. The analyst states, ‘I’ve applied the cloning technique to a previous cycle’s blue arrow pattern, and the current price action suggests that VET may be gearing up for some exciting moves.‘
Hitting $1.6 from current levels would translate to a growth of almost 3710%.
#VET Triple Bottom: Cloning Pattern ($1.6)
— EGRAG CRYPTO (@egragcrypto) March 22, 2024
I've applied the cloning technique to a previous cycle's blue arrow pattern, and the current price action suggests that #VET may be gearing up for some exciting moves.
The pattern indicates a potential rise to 0.115c, followed by a… pic.twitter.com/ujfjtmjQPn
Also Read: VeChain: Here Is When VET Could Hit $1
However, not everyone is as bullish as EGRAG CRYPTO. Changelly does not anticipate VeChain (VET) to breach the $1 mark this year. In fact, the platform does not expect VET to hit $1 anytime before 2032, about eight years from now. Changelly anticipates VET to hit a price of $1.03 in May 2032.
CoinCodex also does not project a bullish outlook for VeChain (VET). The platform anticipates VET’s price to consolidate even during Bitcoin’s (BTC) halving. CoinCodex predicts VET to trade at $0.043 on Apr. 12, 2024, a rise of about 2.3% from current levels.
Also Read: VeChain: ChatGPT Explains When VET Could Hit All-time High
However, it is also possible that VeChain (VET) will change its outlook over the next few weeks. If BTC reclaims its all-time high, there is a chance that we will witness a market-wide rally. In such a scenario, we may see a VET rally as well.
In This News
Coins
$ 86.21K
-2.87%$ 0.0106
-6.55%$ 0.00...315
$ 1.58
$ 0.0391
+1.36%Share:
In This News
Coins
$ 86.21K
-2.87%$ 0.0106
-6.55%$ 0.00...315
$ 1.58
$ 0.0391
+1.36%Share:
Read More
Solana tops 2025 usage charts – So why didn’t SOL outperform ETH?