Shiba

VeChain

when

Read

Gains

<ul>
 <li>VeChain (VET) is attempting to breach the 50-day MA, signaling a potential shift from a bearish to bullish trend.</li>
 <li>VeChain exhibits a bullish falling wedge pattern, suggesting a breakout when the price breaks above the upper trendline.</li>
 <li>VeChain’s supply chain solutions and broader crypto market recovery contribute to its bullish outlook.</li>
</ul>
<p>VeChain (VET) is on the <a href="https://cryptonewsland.com/vet-price-bullish-as-vechain-unveils/" rel="noopener noreferrer nofollow">cusp of a </a><a href="https://cryptonewsland.com/vet-price-bullish-as-vechain-unveils/" target="_blank" rel="noopener noreferrer nofollow">significant</a><a href="https://cryptonewsland.com/vet-price-bullish-as-vechain-unveils/" rel="noopener noreferrer nofollow"> breakout</a>. Currently trading at $0.0287, VET is trying to breach the 50-day and 50-week moving averages (MA). This critical zone could be the key to substantial gains.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/VET?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#VET</a><br><br>VeChain forming falling wedge on 12H timeframe<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f481-200d-2642-fe0f.png" alt="💁‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Successful breakout above ma 50 could lead to 50-60% price increase<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;"><br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;">Crypto Traders-join Telegram<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/caOlZBzS3k" rel="noopener noreferrer nofollow">https://t.co/caOlZBzS3k</a> <br>. <a href="https://t.co/pjJsAcGZTA" rel="noopener noreferrer nofollow">pic.twitter.com/pjJsAcGZTA</a></p>— Whales_Crypto_Trading <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f40b.png" alt="🐋" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@WHALES_CRYPTOx) <a href="https://twitter.com/WHALES_CRYPTOx/status/1812104782674624715?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 13, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="h-the-significance-of-the-50-ma">The Significance of the 50 MA</h2>
<p>The 50 MA is a vital indicator that signals a change in trend. When a cryptocurrency breaks above this average, it can indicate a shift from a bearish to a bullish trend. For VeChain, this breakthrough could mark the start of a major uptrend.</p>
<p>At present, the price of VET has reached 50 MA on both the daily and weekly charts. The coin has shown resilience by maintaining its position just below this crucial level. A sustained move above the 50 MA could spark a rally, potentially leading to a significant price surge.&nbsp;</p>
<h2 class="wp-block-heading" id="h-the-falling-wedge-chart-pattern">The Falling Wedge Chart Pattern</h2>
<p>The <a href="https://www.babypips.com/learn/forex/wedges" rel="noopener noreferrer nofollow">falling wedge </a><a href="https://www.babypips.com/learn/forex/wedges" target="_blank" rel="noopener noreferrer nofollow">pattern</a> is another factor to consider. This pattern is a bullish signal that often forms when the price makes lower highs and lower lows, converging towards a point.&nbsp;</p>
<p>Once the price breaks above the upper trendline, a breakout is confirmed. VeChain is currently exhibiting this pattern, adding weight to the bullish sentiment.</p>
<p>Moreover, market conditions are ripe for a VeChain breakout. Recent developments in the crypto space, including positive regulatory news and increased adoption, have created a favorable environment. The overall <a href="https://cryptonewsland.com/crypto-markets-rally-june-opens-with-2-billion-inflows-ethereum-shines/" rel="noopener noreferrer nofollow">market </a><a href="https://cryptonewsland.com/crypto-markets-rally-june-opens-with-2-billion-inflows-ethereum-shines/" target="_blank" rel="noopener noreferrer nofollow">sentiment</a><a href="https://cryptonewsland.com/crypto-markets-rally-june-opens-with-2-billion-inflows-ethereum-shines/" rel="noopener noreferrer nofollow"> is shifting</a>, with many investors eyeing VeChain as a potential high-reward asset.</p>
<p>VeChain’s fundamentals also support a bullish outlook. The platform continues to innovate, offering solutions for supply chain management and other industries.&nbsp;</p>
<p>Furthermore, the broader crypto market is showing signs of recovery. Bitcoin and other major cryptocurrencies have rebounded, lifting the entire market. This recovery is likely to have a positive impact on <a href="https://vechain.org/" target="_blank" rel="noopener noreferrer nofollow">VeChain</a>, driving its price higher.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/cardano-set-for-major-breakout-analyst-spots-bullish-falling-wedge/" rel="noopener noreferrer nofollow">Cardano Set for Major Breakout? Analyst Spots Bullish Falling Wedge</a></li>
 <li><a href="https://cryptonewsland.com/all-eyes-now-on-bitcoin-as-bearish-wedge-comes-into-play/" rel="noopener noreferrer nofollow">All Eyes Now on Bitcoin as Bearish Wedge Comes Into Play</a></li>
 <li><a href="https://cryptonewsland.com/shiba-inus-positive-trend-is-0-000012-within-reach/" rel="noopener noreferrer nofollow">Shiba Inu’s Positive Trend: Is $0.000012 Within Reach?</a></li>
 <li><a href="https://cryptonewsland.com/vet-poised-for-explosive-upward-price-action-as-vechain-teases-exciting-venture-for-readers-worldwide/" rel="noopener noreferrer nofollow">VET Poised for Explosive Upward Price Action as VeChain Teases Exciting Venture for Readers Worldwide</a></li>
 <li><a href="https://cryptonewsland.com/cake-tokens-path-to-4-bullish-signals-in-a-volatile-crypto-market/" rel="noopener noreferrer nofollow">CAKE Token’s Path to $4: Bullish Signals in a Volatile Crypto Market</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/vechain-poised-for-major-breakout/" rel="noopener noreferrer nofollow">VeChain Poised for a Breakout, MA 50 Breakthrough Could Lead to Major Gains</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

VeChain Poised for a Breakout, MA 50 Breakthrough Could Lead to Major Gains

Table of Contents

Crypto News Land

Other articles published on Jul 13, 2024

Bonk Loses 13% Overnight Whilst Ethereum Name Service & Brett Down,Does This Mark The End Of The ...

Theta Fuel (TFUEL) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Ethereum Classic – Swing traders, watch out for these key levels!

Paraguayan Senate Passes Law Imposing Up to 10 Years of Jail Time on Crypto Miners for Electricit...

Analyzing The Bitcoin ETF Net Flow for July

Spot Bitcoin ETFs See Highest Inflows On July 12

Join our free newsletter for daily crypto updates!