VeChain's Potential Growth: Insights from Analyst EGRAG
Login
Free Crypto Signals Join Our Telegram

VeChain’s Potential Growth: Insights from Analyst EGRAG

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more


VeChain's Potential Growth: Insights from Analyst EGRAG Market analyst EGRAG has identified VeChain (VET), a blockchain platform specializing in supply chain management and data solutions, as a potential candidate for significant growth. According to EGRAG’s analysis, VeChain could experience a surge ranging from 5,800% or 14,600%, depending on upcoming market movements.

EGRAG’s assessment, shared on platform X, underscores VeChain’s recent resilience amidst a broader market downturn. Despite market fluctuations, the token saw a notable uptrend, increasing by 97% from $0.02612 on January 23rd to a peak of $0.05145 last Friday. This bullish momentum suggests a favorable outlook for VeChain, with the token finding support around the $0.04 mark.

The optimistic outlook for VET’s future is driven by its recent performance and the anticipation of a potential bull run. However, EGRAG acknowledges the uncertainty surrounding VeChain’s trajectory, with two possible scenarios contingent upon its near-term price movements.

While expressing confidence in VeChain’s potential to revolutionize financial processes, EGRAG highlights the ambiguity regarding its specific path forward. Currently trading at $0.04397, VET has experienced a slight gain of 0.33% over the previous 24 hours, with potential for further gains if the broader market experiences an upswing, possibly revisiting the $0.50 resistance zone.

Key VeChain Levels to Watch- February 28

VeChain's Potential Growth: Insights from Analyst EGRAG

The price of VETUSD is exhibiting a notable uptrend, aligning with the broader movements within the cryptocurrency market during this particular time frame. Following a retreat after the recent peak at $0.0510, VeChain was anticipated to probe the support threshold of $0.0390. Regrettably, for bullish participants who exercised patience in awaiting opportune moments to initiate orders at the designated demand zone, the price exhibited a rapid ascent before such orders could be activated.

Earlier in the current week, VeChain demonstrated a noteworthy breach above the resistance juncture of $0.0510, signaling a potential shift in momentum. Market indications suggest that the forthcoming target for VeChain, as per prevailing crypto signals, is anticipated to be the supply barrier positioned at $0.0640.

VeChain Key Levels

Demand Levels: $0.0390, $0.0250, $0.0190
Supply Levels: $0.0510, $0.0640, 0.0800

VET Metrics

Total Market Capitalization: $2.14T
VET Market Capitalization: $3.6B
VET Volume (24H): $123M
Market Rank: #35

You can purchase Lucky Block here.  Buy LBLOCK

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News