VeChain (VET) Ignites After Breakout, Aligned for 140% Run
Key Takeaways:
- VeChain (VET) has entered an accumulation zone, hinting at quiet institutional buying
- Targeting a liquidity pool between $0.097 and $0.145 for potential profit-taking
- Breakout and retest of a descending triangle suggest a midterm rally to $0.058
- Aligned with past patterns and market momentum, eyeing a 140% upside
VeChain (VET) is in bullish price trajectory along with the overall market and experiencing surge in its value. As Bitcoin pointing towards $80k and surpassed crucial resistance levels is injecting a fresh wave of optimism and propelling altcoins to breakout and print gains.
VeChain hit its recent low at $0.01778 now its on the strong recovery mode. VET is benefitting from this bullish market phase and poised for an upward rally. Analyst highlights possible targets for VET future price trajectory and shared details.
VeChain (VET) analysis using a Smart Money Concept (SMC) approach, rooted in Wyckoff theory. It highlights that VETs price has entered an accumulation zone, a range where institutional investors quietly buy, often before an uptrend.
The chart shared marks this zone and predicts the next target as a Liquidity Pool between $0.097 and $0.145, where smart money typically sells as retail investors buy into the hype. The post advises against chasing price pumps and encourages trading strategically with institutional patterns.
VeChain Breaks Out, Eyes 140% Midterm Rally
Moreover, crypto analyst World Of Charts, analyzes VeChain (VET) and highlighted that VET confirm a breakout and retest of a descending triangle. VETs price is trading at $0.024 and up by 5% in the last 24 hours.
This technical development signals potential for 140% gain in the midterm, targeting $0.058. It aligns with historical bull patterns, amid a broader crypto uptrend.
With the overall market bullish phase VET is benefitting and poised for huge upward move. If the market momentum continues VET will soon reach its predicted target. However, technical indicators showing promising signs for its next leg up.
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Read more: https://www.tronweekly.com/vechain-vet-ignites-after-breakout-aligned-for-140-run/
Text source: TronWeekly
