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VeChain (VET) Poised for 340% Breakout as Analyst Spots Double-Bottom Reversal
VeChain (VET) Poised for 340% Breakout as Analyst Spots Double-Bottom Reversal
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[TRADE_PLUGIN]VETUSDT,VETUSDT[/TRADE_PLUGIN]
VeChain VET News -
Cryptocurrency analyst Michaël van de Poppe has identified VeChain ($VET) as preparing for a significant technical breakout, with a projected price target of $0.12. This forecast comes after a 70% price correction over six months, with the token currently trading at $0.0275—within its historic accumulation range of $0.019–$0.028.
A double-bottom pattern formed between mid-2023 and early 2025 suggests a potential trend reversal, further supported by VeChain's recent Stargate protocol upgrade. The network's reduced token inflation and improved reward mechanisms create a self-sustaining growth cycle—what van de Poppe calls a 'flywheel effect'—as adoption continues to rise.
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