Lokesh Gupta
16-02-2024
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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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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