Over the past 24 hours, the price of VeThor (VTHO) has increased by 108%, reaching $0.008000. After being listed on Upbit, South Korea’s largest volume token, the price of VTHO has increased by more than 3,300%, pushing its market cap to the $3 level.
To further fuel the buzz, Binance announced on January 22 that it would introduce the Perpetual Protocol on VTHOUSDT, offering leverage up to 75x. The announcement has sparked significant interest among cryptocurrencies, leading to a sharp increase in VTHO trading volumes.
According to Javon Marks, since their initial analysis of $VTHO (VeThor), the VeThor price has experienced an incredible surge of over 735%, climbing from $0.001431 towards its target of $0.022693, which remains achievable.
Javon suggests that there’s still potential for further gains, with the possibility of an additional 265% move from current levels to hit the target.
The daily chart shows a bullish divergence for VTHO, which is confirmed by the MACD indicator's strong performance. The MACD line (blue) is moving upward and separating from the signal line (red), indicating positive momentum.
Meanwhile, the Relative Strength Index (RSI) is at 85.80, indicating that VTHO is currently overbought. Despite the recent rally, experts warn of an upcoming pullback. A slight drop in buying pressure suggests that the market may be cooling down currently.
In conclusion, while VTHO has experienced explosive growth fueled by major exchange listings and positive technical indicators, analysts caution a potential pullback as overbought conditions and declining buying pressure hint at a short-term market cooldown.
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.
06-05-2025
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