VeThor Token

VeChain

VeBetterDAO

<h2 id="header-0">Key Technical Developments</h2><p>VeChain (VET) has demonstrated a significant technical breakthrough on its weekly chart against USDT, breaking out of a major triangular consolidation pattern that has been forming for approximately 1,323 days (189 bars).<br /><br />Triangle Formation (2021-2024)</p><ul><li>A distinct triangular pattern formed with:A descending resistance line from the 2021 peak<br />An ascending support line forming the bottom of the triangle<br />Trading volume of 927.58B within this pattern<br /></li><li>Multiple significant tests of the upper resistance (marked by yellow arrows on the chart)</li><li>The pattern spans approximately 3.6 years, making it a major long-term formation</li></ul><h3 id="current-breakout">Current Breakout</h3><p>The price has successfully broken above the descending resistance line, which is particularly significant because:</p><ul><li>This resistance line has been respected since early 2021</li><li>The breakout occurred with increasing volume</li></ul><p>Current price: 0.05043 USDT (&#43;9.42%)<br /></p><h2 id="header-1"><br />Risk Management Considerations</h2><p>Despite the bullish technical setup, investors should consider:</p><ol><li>The need for continued volume confirmation of the breakout</li><li>Potential retest of the broken resistance level</li><li>Overall market correlation and conditions</li><li>Position sizing appropriate to the volatile nature of cryptocurrency markets</li></ol><h2 id="header-2">Conclusion</h2><p>The break of this 1,323-day resistance level represents one of the most significant technical developments in VeChain&#39;s price history. While the technical projection suggests substantial upside potential, traders and investors should maintain appropriate risk management strategies and consider multiple timeframes in their analysis.</p>

VeChain (VET) Technical Analysis: Breaking a MAJOR 1,300-Day Resistance Pattern

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