VeChain (VET) Set To Explode: Analyst Predicts 7,500% Rally To $2.3
17 Dicembre 2023 - 12:00PM
NEWSBTC
Popular crypto analyst EGRAG just predicted a massive 7,500% rally
that will send VET soaring to $2.3. VeChain (VET) is currently
trading at $0.02945, but according to this analyst, the crypto is
set for a price growth that would send it on a price growth into
three sequential price targets. EGRAG Predicts VET To
Hit $2.3 Related Reading: Shiba Inu Just Spiked 12% Overnight –
What’s The Next Move? VET’s price has had its ups and downs this
year, reflecting the general market volatility of crypto assets
this year. The crypto went on a price spike very early in the year,
going on a 101% growth in the first two months from its 2023 open
of $0.01579 to reach $0.03186 in February. The crypto would then go
on a price decline over the next few months to a 2023 low of
$0.01477. However, things started to change in October as the
entire crypto industry changed into a bullish sentiment. VET is now
up 80% from its October bottom, and according to EGRAG, the growth
is set to continue in the coming months. In a recent post on social
media platform X, EGRAG wrote “VET will unlock ur financial
chains,” along with three bullish targets for the coming year. A
look through the price chart shared shows sequential targets of
$0.11642, $1.05737, and $2.3. These targets represent a respective
295%, 3490%, and 7,500% rise from the current price. As indicated
on the price chart shared by EGRAG, VET has primarily traded in a
downward range, creating lower highs and lower lows since its
all-time high in 2021. The crypto broke out of this range in
October and has formed five bullish candles on the three-week
timeframe. VET market cap currently at $2.157 billion. Chart:
TradingView.com Using the Fibonacci indicator and the 2023 bottom
as a starting point, the analyst drew a mirror of VET’s ascent from
the 2020 bottom to its all-time high in 2021. Based on this, EGRAG
noted VET is poised to potentially rally over the next few months
into 2024. If history repeats itself, we could potentially see VET
break past its current all-time high of $0.28 before the second
price target. #VET will unlock ur financial chains. Each
target—Target 1, Target 2, and Target 3—will be achieved one by
one. pic.twitter.com/wqteQXzG9w — EGRAG CRYPTO (@egragcrypto)
December 14, 2023 What’s Next For VeChain (VET)? VET is VeChain’s
native token, a blockchain network looking to streamline supply
chain management with distributed ledger technology. Several crypto
experts have weighed in with predictions on how high VET’s price
can go in the next bull market. Related Reading: Osmosis Rally
Intensifies With 77% Increase – Will OSMO Hit $2 This Month?
According to Ali Martinez, VET is set for a 150% price gain in the
next six weeks. The analyst noted that VET is currently mirroring
the 2018-2020 consolidation phase. If history repeats itself, VET
could break through the $0.033 resistance barrier within the next
two weeks and ultimately reach $0.077 in January. #VeChain, the
forgotten Chinese #Ethereum, appears to mirror the consolidation
phase we saw in 2018-2020! If so, $VET could break through the
$0.033 resistance barrier within the next two weeks. The upswing
could send #VET to $0.077 by late January. That’s a 150% price
increase! pic.twitter.com/5E2g76H7yG — Ali (@ali_charts) December
15, 2023 Featured image from iStock
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