VeChain

2024

Bitcoin ETF

April

In the rollercoaster ride of the crypto market, VeChain (VET) has managed to keep its head above water, showcasing resilience where many others falter. 
<h2 id="strong-vechain-analysts-take-notice-strong">VeChain Analysts Take Notice</h2> 
Crypto analysts are keeping tabs on VeChain, with some seeing a potential bright future ahead. Sure, there’s been talk about VeChain’s performance since 2021, and it’s had its share of rough patches. But folks like Crypto EA reckon that VeChain has been pushing through, expanding its network and staying in the game despite the challenges. 
<h2 id="strong-weathering-the-storm-strong">Weathering The Storm</h2> 
Despite the ups and downs of the market, <a href="https://coinmarketcap.com/" target="_blank" rel="noopener nofollow">VeChain’s current price</a> stands at $0.039, with a decent trading volume of $124 million in the past 24 hours and a market cap of $2.90 billion. While it’s not skyrocketing, the fact that VeChain has seen a 1.50% increase in price in the face of a downturn speaks volumes about its stability. 
<img loading="lazy" decoding="async" class="aligncenter size-full" src="https://www.tradingview.com/x/WczXPSbI/" width="2475" height="1163"> Reading The Tea Leaves 
One analyst, Ali Martinez, has been examining VeChain’s past to make sense of its present and future. Martinez points out some interesting similarities in VeChain’s price movements in 2020, suggesting that history might repeat itself. According to Martinez, VeChain could be due for a pullback towards $0.032 before potentially gearing up for a bullish run. 
<blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/hashtag/VeChain?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#VeChain</a> seems to mirror its price movements from June to December 2020. If this pattern holds, <a href="https://twitter.com/search?q=%24VET&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$VET</a> might pull back to the channel’s upper boundary at $0.032, potentially setting the stage for a continued bull run! <a href="https://t.co/PVkpJZXW34" rel="nofollow">pic.twitter.com/PVkpJZXW34</a> 
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1780242996207989005?ref_src=twsrc%5Etfw" rel="nofollow">April 16, 2024</a>
</blockquote> 
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-603870" src="https://www.newsbtc.com/wp-content/uploads/2024/04/a_a79cb9.png?resize=512%2C331" alt="" width="512" height="331" srcset="https://www.newsbtc.com/wp-content/uploads/2024/04/a_a79cb9.png?resize=512%2C331?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/04/a_a79cb9.png?resize=512%2C331?w=460 460w" sizes="(max-width: 512px) 100vw, 512px" data-recalc-dims="1"> Bright Future Ahead For VET? 
Other experts, such as Clifton Fx and World of Charts recently predicted a promising future for VET. The former insisted that the coin’s value may increase to $0.06 in the near future, while the latter predicted it might hit $0.22 this summer. 
<blockquote class="twitter-tweet"> 
 Good Morning <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2615.png" alt="☕" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Vechain?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#Vechain</a> <a href="https://twitter.com/search?q=%24Vet&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$Vet</a> 1d 
 Approaching $1 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4aa.png" alt="💪" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/lC93xLRuEE" rel="nofollow">https://t.co/lC93xLRuEE</a> <a href="https://t.co/pic7N1WvvW" rel="nofollow">pic.twitter.com/pic7N1WvvW</a> 
 — FLASH (@THEFLASHTRADING) <a href="https://twitter.com/THEFLASHTRADING/status/1778316553118699552?ref_src=twsrc%5Etfw" rel="nofollow">April 11, 2024</a>
</blockquote> 
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-603873" src="https://www.newsbtc.com/wp-content/uploads/2024/04/a_7dbd6e.png?resize=1024%2C477" alt="" width="1024" height="477" srcset="https://www.newsbtc.com/wp-content/uploads/2024/04/a_7dbd6e.png?resize=1024%2C477?w=1761 1761w, https://www.newsbtc.com/wp-content/uploads/2024/04/a_7dbd6e.png?resize=1024%2C477?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/04/a_7dbd6e.png?resize=1024%2C477?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/04/a_7dbd6e.png?resize=1024%2C477?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/04/a_7dbd6e.png?resize=1024%2C477?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/04/a_7dbd6e.png?resize=1024%2C477?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/04/a_7dbd6e.png?resize=1024%2C477?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"> 
Flash made the most bullish prognosis, claiming that VET is going to rise by 2,500% to reach an all-time high of $1. Investors Keep A Watchful Eye On Dips 
Meanwhile, with the market mood swinging towards optimism, analysts are advising investors to play the waiting game. They suggest keeping an eye out for price dips and being patient. Some even think this could be the calm before the storm, predicting that VeChain might be gearing up for some serious gains in the future. 
In the end, VeChain’s ability to stay afloat in choppy waters hasn’t gone unnoticed. While it may not be the flashiest player in the crypto world, its steady performance is starting to turn heads. 
Featured image from Yahoo Finance, chart from TradingView

Historical Data Sparks Excitement: VeChain Price Poised For A Bullish Breakout?

Table of Contents

NewsBTC

Other articles published on Apr 18, 2024

Bitget’s COO Leads Discussion on Cryptocurrency’s Future at Blockchain Life Week 2024

China’s friendship with Iran is the last thing on its mind right now

Presale Clock Ticking: Mollars ICO Closing in Weeks

Is This New ICO Boom Better Than 2018? What Is The Difference?

ENA plunges 17% amid declining exchange activity

Grayscale Anticipates Regulatory Nod for Diverse Crypto ETFs Beyond Bitcoin and Ethereum In Two T...

Join our free newsletter for daily crypto updates!