VeChain is one of those crypto projects that made headlines in 2021. The VET coin soared more than 1,200% when the crypto market bloomed that year during the March 2021 bullrun. However, VET prices tanked pretty hard and erased most gains after the crypto market's adjustment. Today in 2022, prices are nearing the strong support price of $0.04, as part of a bearish trend. Can VET coin pump again in 2022 and reverse its downtrend? In this Vechain price prediction, we will tackle everything you need to know about VeChain crypto in 2022.

After the big crypto crash that occurred back in May 2021, Vechain prices reached a low of $0.06. From there, prices tried to recover and reached a strong resistance price of $0.16. Following the crypto market again, prices sank back towards the current price of $0.046, losing more than 65% in value within less than 3 months.

Currently, prices of VET coin are inside a wide buy area delimited by $0.04 and $0.06. This area is the perfect zone to day trade Vechain crypto, shorting around $0.06 and going long around $0.04. So far, this sideways trend was quite profitable for day traders.

------> Click here to Buy VET Coin <------

Looking at figure 1, Vechain is definitely in a buy zone. Traders would want to make sure prices reach $0.04 before placing buy orders. On the other hand, VET price is strongly affected by the entire crypto market as a whole and specifically Bitcoin.

If Bitcoin continues to sink lower reaching 30K, VET price is expected to break the strong support of $0.04 and even reach the next support of $0.025, and worst cases $0.015.

On the other hand, if the crypto market manages to recover, Vechain price can definitely make nice gains. The upside is much bigger than the downside, of course, using proper risk management when placing trades. If we opened a long position at the current price or closer to the support level #1 in figure 1, our profit-taking target would be around $0.08. This entails a perfect 100% return on our trade.

It is very important to note that Vechain price depends totally on the Bitcoin price trend. If Bitcoin continues to go lower, VET will most probably reach the support lines #2 and #3 shown above. Only when the Bitcoin trend reverses upwards will the Vechain setup make sense and profit.

The price of VeChain was predicted to rise by around 20% from a technical aspect. The reason for this was that bullish indicators showed that the price had bottomed out. Traders managed to see that the VeChain price has bottomed out as the price has performed a sideways phase and a Doji in the weekly chart. But how far could the price rise? Should you even buy VET in 2022? Let's tackle everything you need to know in this VeChain price prediction!

The price of VeChain was expected to rise to around $0.7. This level had often served as support earlier, so we expect currently the price to test and confirm this level as resistance. If we confirm the former support as resistance, the price could soon sink even lower than before. Consequently, we could see prices below $0.043 (last low). If the VeChain price breaks the current resistance area between $0.068 and $0.074, the price could rise to the next resistance. This is around $0.15.

>> CLICK HERE TO BUY VeChain <<

The VeChain price against Ethereum looks more bullish than the USD pair. The price has reached the support zone of 0.000017 ETH – 0.00002 ETH. Every time the price reached that support zone, the price has surged back up. The first significant resistance is around 0.00004570 ETH, which is why we assume that the VeChain price could increase by around 100% compared to Ethereum in the next few weeks. Thus, VeChain will very likely outperform Ethereum. If you assume that you will always own more Ethereum, you could now rely on VeChain to have more Ethereum afterwards.

If you feel like you need guidance when tackling the crypto market, you need to check out our premium area. You’ll always be up-to-date with everything happening in the crypto market. Additionally, you will receive trading ideas and professional trading support. You will also receive information about the latest crypto trends at an early stage! If you want to read more about our Premium Area, click here.