The VeChain token surge from the demand zone at $0.01600 to $0.05500 by February 2024. Along the way, the price broke through in-between resistance and has since displayed signs of sustained strength above key EMA's.
VeChain's recent price structure has shown signs of recovery as it spiked from a crucial level of around $0.04300 on the chart and highlights major sustenance neat supply level.
It seems that the crypto token is poised to continue this massive surge, as it prepares to break through the VET resistance supply level and soar to new heights, after jumping the supply level.
Similarly, The VET asset is showing bullish strength, with increasing capacity while maintaining above the major 20-day and 50-day EMA's.
After conducting a thorough analysis, it appears that the price of the asset is showing signs of a bullish trend, indicating there may be potential for further growth. Additionally, the VET asset has performed well over the past month, with a 63.00% increase, and over the past three months, with an impressive 66.50% increase. These positive trends suggest that the asset may be following a strong uptrend.
According to VET price prediction, The crypto has experienced a decline of 3.73% in the last 24 hours and is currently trading at $0.04858 as of press time. However, if there is a sudden surge in demand for the VET token, its price could continue to rise from its current level. In such a scenario, the next price target for VET could be $0.06000, with a resistance level of $0.05500.
However, if the crypto price fails to stay above the $0.04300 level, it could continue to decline further as well.
VeChain's recent price structure has shown signs of recovery as it spiked from a crucial level of around $0.04300 on the chart and highlights major sustenance neat supply level.
It seems that the crypto token is poised to continue this massive surge, as it prepares to break through the VET resistance supply level and soar to new heights, after jumping the supply level.
Similarly, The VET asset is showing bullish strength, with increasing capacity while maintaining above the major 20-day and 50-day EMA's.
After conducting a thorough analysis, it appears that the price of the asset is showing signs of a bullish trend, indicating there may be potential for further growth. Additionally, the VET asset has performed well over the past month, with a 63.00% increase, and over the past three months, with an impressive 66.50% increase. These positive trends suggest that the asset may be following a strong uptrend.
According to VET price prediction, The crypto has experienced a decline of 3.73% in the last 24 hours and is currently trading at $0.04858 as of press time. However, if there is a sudden surge in demand for the VET token, its price could continue to rise from its current level. In such a scenario, the next price target for VET could be $0.06000, with a resistance level of $0.05500.
However, if the crypto price fails to stay above the $0.04300 level, it could continue to decline further as well.