VeChain

<ul><li>VeChain broke out of a descending triangle pattern with high volume, indicating strong buying pressure and potentially marking the start of an uptrend.</li><li>VET announced EVM compatibility enhancements, making it more appealing to enterprises and enhancing scalability, driving positive market response.</li><li>With technical breakout signals combined with positive fundamental developments, VeChain seems well-positioned for further growth.</li></ul><a href="https://cryptotale.org/vechain-vet-approaches-key-trendline-whats-next-for-the-crypto/" rel="noopener noreferrer nofollow">VeChain (VET) </a>has seen an impressive surge in a remarkable market movement which was highlighted by CryptoBusy when VET was trading at $0.02801. Now, it boasts a 70% increase, peaking at $0.04864. This surge aligns with a bullish breakout from a descending triangle pattern on CryptoBusy’s VeChain daily price chart.Moreover, the breakout is significant, marked by a large green candlestick indicating strong buying pressure. Many see this as the start of a new uptrend, a sentiment supported by volume data. VET’s high trading volume of 51.121 billion units during the breakout serves to validate and reinforce the strength of the market&#39;s bullish momentum.Additionally, the analysis sets a price target at &#34;0.04419 USDT,&#34; which could serve as a near-term resistance level. Below the current price, support levels lie at &#34;0.02600 USDT&#34; and &#34;0.02519 USDT,&#34; which cushions any potential downturns.Read full article at <a href="https://cryptotale.org/is-vet-experiencing-sustainable-growth-or-temporary-pump/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Is VET Experiencing Sustainable Growth or Temporary Pump?

CryptoTale

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