VeChain Primed for Explosive Rally? VET Targets $0.0190 and Beyond!
VeChain's blockchain is humming—and its price chart might be next.
Breaking the Resistance
Forget the sideways shuffle. Technical patterns suggest VET is coiling for a major move. The key level traders are watching isn't a secret; it's that psychological $0.0190 barrier. A clean break above it doesn't just open the door—it kicks it off its hinges, potentially clearing the path toward significantly higher valuations that have eluded the asset for cycles.
The Supply Chain Factor
This isn't just chart magic. VeChain's core business—infusing transparency into global supply chains—is hitting its stride. While other projects chase speculative narratives, VeChain's enterprise adoption provides a tangible, if less glamorous, foundation for growth. Real-world use cases are finally translating into network activity that even the most cynical trader can't ignore.
The Final Hurdle
Market sentiment remains the wildcard. Broader crypto volatility can drown out any single project's fundamentals. But the setup is there: strengthening technology, increasing utility, and a technical chart begging for a resolution. One veteran fund manager quipped, 'It's the kind of boring, real-world stuff that usually gets ignored until it makes a fortune for the patient few.' The question is no longer if VeChain has potential, but when the market will finally price it in.
VeChain Weekly Chart Shows Descending Channel
According to crypto analyst Jonathan Carter, VeChain is presently consolidating within a descending channel on its weekly chart. Carter highlighted that a new bullish trend could emerge if the price breaks above the channel’s midline. Such a breakthrough could set the stage for a series of upward waves with potential price targets at $0.015, $0.030, $0.055, $0.080, and eventually $0.160.
“This descending channel represents a consolidation period that may precede a strong upward trajectory,” Carter commented. “Investors should watch for a clear breach of the midline on the weekly chart to confirm the start of a bullish phase.”
Technical indicators, including moving averages and momentum oscillators, support this cautious optimism. While short-term fluctuations may continue, the broader weekly trend could signal opportunities for traders seeking mid- to long-term gains.
Source: XVeChain Price Outlook: VET Gears Up for a Strong MOVE Toward $0.021 Target
VET Price Predictions for 2025
According to DigitalCoinPrice, VET could surpass $0.0190 by the end of the year. Analysts and investors are increasingly confident that VeChain may eventually reclaim its previous all-time high of $0.28.
In the first week of January 2025, VET reportedly dipped below $0.01 for the first time since January 2021. Market observers interpret this as a temporary setback, noting that the cryptocurrency’s underlying fundamentals remain robust. Should bullish momentum materialize, VeChain may sustain price levels between $0.0160 and $0.0190 before attempting to challenge historical highs.
VeChain (VET) Faces Selling Pressure After Breaking Major Support Level
