VeChain

2024

Moon

Saga

VeChain (VET) has gained significant momentum in the cryptocurrency market, with experts predicting a major price increase. 
Market analyst EGRAG anticipates that VET could climb by 3,000% in the next 100 days, potentially reaching $0.63—more than double its all-time high of $0.2798 recorded in April 2021. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/hashtag/VET?src=hash&amp;ref_src=twsrc%5Etfw">#VET</a> – SAGA ENDS, ROAD TO THE MOON BEGINS! 
 If history repeats, a 3,000% pump could be on the horizon within the next 100 days! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f315.png" alt="🌕" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2728.png" alt="✨" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/VET?src=hash&amp;ref_src=twsrc%5Etfw">#VET</a> has perfectly mirrored the last cycle's 65% dump, signaling the start of its Moon Phase. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f319.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 3,000% surge would place <a href="https://twitter.com/hashtag/VET?src=hash&amp;ref_src=twsrc%5Etfw">#VET</a> near Fib… <a href="https://t.co/b3MDjpRb40">https://t.co/b3MDjpRb40</a> <a href="https://t.co/rfXasVxlim">pic.twitter.com/rfXasVxlim</a> 
 — EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1863867021978378640?ref_src=twsrc%5Etfw">December 3, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="b-recent-performance-highlights-b">Recent Performance Highlights</h2> 
<a href="https://timestabloid.com/vechain-vet-gains-traction-with-vebetterdao-launch/">VeChain</a> experienced a remarkable 40% price increase within the first three days of December. This surge builds on its strong performance in November, where the asset rallied by over 110%, earning its place as one of the month’s top-performing cryptocurrencies. Despite a slight pullback from a recent multi-year high, VET has held above the $0.06 price level, strengthening analysts’ bullish outlook. 
<h2 id="b-vechain-s-bullish-transition-b">VeChain’s Bullish Transition</h2> 
EGRAG’s optimistic forecast is based on patterns in VeChain’s historical price movements, which appear to be repeating in its current market cycle. He identifies the asset as being in a bullish phase, as indicated by a breakout from a long-term descending channel last year. This breakout, known as a Break of Structure (BOS), marked a significant shift in market momentum, breaking previous resistance levels. 
Following the breakout, VET surged to a high of $0.055 in February 2024 before undergoing a significant 65% retracement, falling to $0.01890 in August 2024. EGRAG notes that this sharp decline aligns with similar retracements in VeChain’s past market cycles, often followed by substantial rallies. Since the August low, VET has rebounded strongly, reaching $0.0720 earlier this month, its highest point in two years. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 We are on twitter, follow us to connect with us :- <a href="https://twitter.com/TimesTabloid1?ref_src=twsrc%5Etfw">@TimesTabloid1</a> 
 — TimesTabloid (@TimesTabloid1) <a href="https://twitter.com/TimesTabloid1/status/1680250907504656385?ref_src=twsrc%5Etfw">July 15, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="b-fibonacci-levels-and-future-targets-b">Fibonacci Levels and Future Targets</h2> 
EGRAG has outlined several key Fibonacci levels as potential price targets for VeChain. Currently trading at approximately $0.06605, the asset has surpassed its first target at the 0.5 Fibonacci level ($0.06021). The next milestones include the 0.702 Fibonacci level at $0.11147 and the 1.0 level at $0.27651. 
The most ambitious projections focus on Fibonacci extensions, with the 1.272 level at $0.63 and the 1.618 level at $1.58. EGRAG emphasizes that a 3,000% increase from current levels would bring VET near the $0.63 mark, a price that aligns with the 1.272 Fibonacci extension. 
<h2 id="b-factors-supporting-vechain-s-growth-b">Factors Supporting VeChain’s Growth</h2> 
Several developments underpin VeChain’s (VET) bullish outlook. Its <a href="https://timestabloid.com/xrp-shib-doge-win-coinbase-significant-inclusion/">inclusion in Coinbase’s COIN50 Index </a>has increased its visibility among institutional and retail investors, enhancing its market presence. 
Additionally, VeChain continues to expand its real-world applications, particularly in supply chain management, where it has established itself as a leader. These factors and the platform’s growing partnerships, add to its long-term value proposition. 
With the ongoing rally and market sentiment aligning with historical trends, analysts remain optimistic about VeChain’s prospects. The potential for a 3,000% surge underscores its appeal as one of the most promising assets in the cryptocurrency space. 
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. 
Follow us on <a href="https://twitter.com/TimesTabloid1">Twitter</a>, <a href="https://www.facebook.com/timestabloid/">Facebook</a>, <a href="https://t.me/markettabloid">Telegram</a>, and <a href="https://news.google.com/publications/CAAqLAgKIiZDQklTRmdnTWFoSUtFSFJwYldWemRHRmliRzlwWkM1amIyMG9BQVAB?hl=en-US&amp;gl=US&amp;ceid=US%3Aen">Google News</a> 
The post <a href="https://timestabloid.com/vechain-vet-saga-ends-road-to-the-moon-begins-analyst-calls-3000-rally/">VeChain (VET) Saga Ends, Road to the Moon Begins, Analyst Calls 3000% Rally</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.

VeChain (VET) Saga Ends, Road to the Moon Begins, Analyst Calls 3000% Rally

Table of Contents

Times Tabloid

Other articles published on Dec 4, 2024

DMM Bitcoin to Liquidate After $320M Hack

Cardano Unveils Plan 529 as Major Hard Fork Upgrade Approaches

Injective Unveils iAgent SDK to Automate Blockchain Tasks with AI

CoinDCX Resolves $PEIPEI Glitch Assuring Compensation to Users

Bitcoin Exchange OKX Announces Listing of This Altcoin for Spot Trading! Here Are the Details

Bitget Strengthens Southeast Asia Presence with Vietnam Launch

Join our free newsletter for daily crypto updates!