VeChain

Rally

bullish

World

<p>Leading crypto analyst World of Charts has identified a technical setup for VeChain, spotting a bullish pennant formation that suggests upside potential.</p>
<p><a href="https://x.com/worldofcharts1/status/1869019036824355097?s=46" target="_blank" rel="noopener noreferrer nofollow">The analyst notes</a> that VET has successfully broken out of this continuation pattern, typically seen after strong rallies, and projects a potential 50% move higher from current levels to around $0.09.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="580" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-874-1024x580.png" alt="" class="wp-image-602124" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-874-1024x580.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-874-300x170.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-874-768x435.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-874-1536x870.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-874-2048x1161.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-874-265x150.png 265w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-874-100x57.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-874-618x350.png 618w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-874-788x446.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-874.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>The technical structure shows a sharp upward movement followed by a <a href="https://coinmarketcap.com/academy/glossary/consolidation" target="_blank" rel="noopener noreferrer nofollow">period of consolidation</a>, forming the characteristic pennant shape. This breakout above the pattern’s upper resistance carries added significance due to the accompanying volume surge, lending credibility to the move’s sustainability.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/monero-xmr-price-breaks-key-resistance-what-next/" target="_blank" rel="noopener noreferrer nofollow">Monero (XMR) Price Breaks Key Resistance: What Next? </a></em></strong></p>
<h2 class="wp-block-heading" id="fundamental-strength-driving-momentum">Fundamental Strength Driving Momentum</h2>
<p>Adding weight to the technical outlook, veteran crypto strategist Michaël van de Poppe emphasizes VeChain’s robust fundamental backdrop. He highlights the thriving ecosystem development, particularly noting the rapid expansion of VeBetter as a cornerstone project.</p>
<p>Van de Poppe sees the recent consolidation as a healthy pause in what he describes as a nascent uptrend.</p>
<p><a href="https://x.com/cryptomichnl/status/1869016196387160257?s=46" target="_blank" rel="noopener noreferrer nofollow">The analyst emphasizes</a> that despite the substantial gains already secured, VET’s current movement likely represents just the beginning of a larger trend. His analysis suggests the broader VeChain ecosystem is positioned for significant growth heading into 2025, supported by continuing development and adoption.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="545" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-875-1024x545.png" alt="" class="wp-image-602132" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-875-1024x545.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-875-300x160.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-875-767x408.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-875-1536x817.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-875-2048x1090.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-875-282x150.png 282w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-875-100x53.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-875-658x350.png 658w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-875-788x419.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-875.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>The convergence of technical and fundamental factors presents a compelling case for VET’s continued upward trajectory. The confirmed breakout from the bullish pennant formation, coupled with strong ecosystem fundamentals, suggests traders may want to watch for potential continuation of the upward movement.</p>
<p>However, as with any trading setup, monitoring volume and potential retests of the breakout level remains crucial for validation. The analytical consensus points to VeChain entering a new phase of its market cycle, with both technical and fundamental indicators aligning to suggest further upside potential.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/top-analysts-agree-vechain-vet-price-rally-is-ready-to-continue-heres-the-next-target/" rel="noopener noreferrer nofollow">Top Analysts Agree VeChain (VET) Price Rally Is Ready to Continue: Here’s the Next Target</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Top Analysts Agree VeChain (VET) Price Rally Is Ready to Continue: Here’s the Next Target

Table of Contents

CaptainAltcoin

Other articles published on Dec 17, 2024

Bitcoin Withdrawals Impact Market Dynamics

5 Reasons Why Cardano (ADA) Price Could Hit New ATH in the 2025 Bull Run

Nirvana Relaunches After Recovery: A New Vision for DeFi

LastPass Hackers Steal $5.36M from 40 Victims Before Xmas

Tron Now Dominates USDT Transactions With 98% Control, Outperforming Ethereum In The Stablecoin T...

FTX To Refund Creditors 118 % Starting January 2025

Join our free newsletter for daily crypto updates!