VeChain

bullish

Cipher

Bitcoin

Notable

<ul class="wp-block-list">
 <li>VeChain broke a 205-day downtrend, showing strong bullish signs.</li>  
 <li>Key levels to watch: $0.0241 (bullish) and $0.0215 (bearish).</li>  
 <li>Market signals indicate potential breakout or structural loss by tomorrow.</li> 
</ul>  
<p>As Bitcoin hovers in the $62,000 price range, all eyes shift to altcoins hoping to catch bullish signals and catch the pump before Bitcoin leads the charge. Many altcoins like SUI and FET have already begun to pump while other popular altcoins like SHIB, DOGE, ADA, JASMY, and VET are all preparing for massive pumps.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-vet-signals-multiple-bullish-signals">VET Signals Multiple Bullish Signals</h2>  
<p>In particular, VeChain (VET) catches the attention of many analysts for its incredibly bullish signals. As we can see from the post below, one analyst takes a deep dive into the many bullish aspects of the <a href="https://coinmarketcap.com/currencies/vechain/" target="_blank" rel="noopener noreferrer nofollow">VET price chart</a>. To highlight, he begins by stating that VeChain (VET) is showing strong bullish momentum, and suggests that it’s time for the VeFam community to take notice.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/Ajwritescrypto/status/1843713968264942004
 </div>
</figure>  
<p>According to this analyst, <a href="https://www.vechain.org/" target="_blank" rel="noopener noreferrer nofollow">VeChain</a> is currently only 145% away from its 2024 high, and just a 58% pump from the point of control on the Volume Range Volume Profile (VRVP). VET broke out of a significant 205-day downtrend on September 19th, marking a <a href="https://cryptonewsland.com/vechains-in-decentralized-physical-infrastructure/" target="_blank" rel="noopener noreferrer nofollow">major turning point</a>.</p>  
<p>Since then, the altcoin has maintained a series of higher lows, moving within an ascending broadening channel, a positive technical pattern that hints at further growth. The recent shift in money flow, detected by Market Cipher indicators, shows that the flow turned green six days ago, another strong sign of potential gains ahead.</p>  
<h2 class="wp-block-heading" id="h-notable-trends-and-events-to-watch-for-vet-pump">Notable Trends and Events to Watch for VET Pump</h2>  
<p>Additionally, he marks the key support and resistance levels to watch which include $0.0241, a break that could confirm bullish momentum, and $0.0215, a dip below which could signal a bearish move. He says that traders should keep an eye on these <a href="https://cryptonewsland.com/vechain-wave-3-surge-begins-strategic-selling-points-to-maximize-gains/" target="_blank" rel="noopener noreferrer nofollow">critical levels as VeChain</a> navigates its current trend.</p>  
<p>He then goes on to highlight a notable technical event as VET faces the upper band of a local downtrend that started recently. This moment can be seen as a make-or-break scenario, where the coin could either break out of the downtrend or lose a four-week structure. Finally, the analyst urges caution, advising traders to react to market moves rather than forcing trades.</p> 
<p>The post <a href="https://cryptonewsland.com/vechain-chart-shows-highly-bullish-signs/" rel="noopener noreferrer nofollow">VeChain Chart Shows Highly Bullish Signs, Analyst Breaks Down the Many Signs for a VET Pump Soon</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

VeChain Chart Shows Highly Bullish Signs, Analyst Breaks Down the Many Signs for a VET Pump Soon

Table of Contents

Crypto News Land

Other articles published on Oct 9, 2024

VanEck Launches New Crypto Venture Fund

Popcat Price Prediction: POPCAT Plunges 4% As Investors Pivot To This Vote-To-Earn Meme Coin With...

Tethereum: The Revolution in Decentralized Finance

FTX says Caroline Ellison to give up ‘all of her assets’ in settlement

Elon Musk Rallies Support for Trump, Influences U.S. Election Odds

Binance to Delist Four Major Crypto Pairs: Details

Join our free newsletter for daily crypto updates!