VeChain breaks out of a long-term descending channel formation, indicating potential for future growth.
Recent price action sees #VeChain price soaring to an intraday high of $0.05020 on February 14, reaching levels unseen since May 2022 due to a buying frenzy.
$VET registers a remarkable 90% surge in the last three weeks, breaching the $0.050 mark.
A bullish reversal prompts a rounding bottom breakout with a neckline at $0.040, reinforcing the uptrend.
The VET price trend exhibits a significant spike in the daily chart, characterized by six consecutive bullish engulfing candles.
According to recent #VeChain news, VET has secured a significant partnership with Walmart China, facilitating over 200 million transactions to date.
With rising demand propelling the VeChain price to momentarily hit $0.050, sideline traders anticipate a breakout.
As per Coin Gabbar analysis, If $VET successfully closes above the $0.050 levels, according to the Vet price prediction, it could potentially surge to $0.28000 before 2030.
KEY LEVELS :
RESISTANCE LEVEL : $0.06400-$0.08200
SUPPORT LEVEL : $0.03500-$0.02500
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