VeChain (VET) Price Could Rise Sharply Again After Support From Revolut

VeChain (VET), a blockchain platform focused on supply chain management, recently Important steps have been taken.For example, VET and VTHO tokens were recently added to the fintech platform Revolut, increasing VeChain’s accessibility and adoption.

Below we take a look at the latest technical analysis from Our conflict environmentwhere our analysts are the first to share their insights on the cryptocurrency market, prices, latest developments and other market trends.

Technical Analysis Price (VET).

Vechain’s price may have bottomed out, according to analysts at Crypto Insiders. They recently explained in a Discord post what they expect from the coin:

“As we expected, VET broke below the 0.786 Fibonacci level, but we are already seeing a good recovery above this level. This is a positive sign and confirms that there are still buyers in the market.

We can talk about bullish price action when the price rises above the golden pocket again, which is around $0.027 and $0.029. Once that happens, we can expect further gains towards the 0.5 and 0.382 Fibonacci levels around $0.034.

At the moment, we at Discord are closely monitoring the situation and remain bullish as long as the price remains above the 0.786 Fibonacci level. A break above the golden pocket will be a strong signal for further price increases.

need help?

In our Disagreement community You will find our comprehensive trading plan with the latest updates. Here you enter a safe space where traders of all levels exchange knowledge. Ask expert analysts and top traders your questions about trading, market trends and cryptocurrency topics in a vibrant community. We also organize live streams and webinars weekly for traders who want to delve deeper into technical analysis.

Join the conversation on Discord

Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and advice provided on this website are based on the insights and experience of our analysts. Therefore, it is for educational purposes only.

Share views: 84