Analyst Spots Price Level He’s Buying VET “Heavily”, says VeChain’s Bull Run from March 2020 Still Intact
AI Trading

Currently, the crypto market is in the red and cryptocurrencies in the market are losing massively in terms of price. This negative trend has been attributed to China’s clampdown on crypto-related activities, especially Bitcoin mining. Despite this notable downtrend, crypto traders and investors are still determined to keep buying the low, believing that there will always be a bullish trend eventually.

In this confidence, a VeChain-based analyst and trader is determined to keep buying, stating that he has spotted a price level where he would buy VeChain (VET) heavily.

Read Also: VeChain Price on the Cusp of Going Parabolic; VET is the Most Undervalued Crypto

VeChain (VET) Bull Run from March 2020 Still Intact

Over the last few weeks, the news coming from the most populous country in the world, China, have not been favorable to crypto evolvement.

AI Trading

According to a report on Monday 21st June, the central bank of China called a meeting with the country’s commercial banks to close any crypto-related accounts. This and other factors are negatively affecting the price trend of cryptocurrencies in the market.

However, a VeChain-centric analyst and trader identified on Twitter as Saleh Ahmed is of the opinion that VeChain’s bullish trend that started in March 2020 would still be intact, even if the price of the digital token VET drops to $0.044.

Read Also: VeChain (VET) Can Now Be Used To Buy, Trade and Collect VIMs at VIMmarket

Without giving any room to FUD that spreads around the world about crypto, the technical analyst stated that he will buy VET heavily when the price drops to $0.056.

Saleh Ahmed tweeted, Even at 0.044, the VET bullrun from March 2020 would be intact. The weekly 50MA at 0.056 – that’s where I’m buying heavily. Keep it simple, ignore the noise.”

Read Also: VeChain (VET) Trading Will Soon Be Available on the VIMworld Marketplace

Meanwhile, the price of VeChain (VET) continues to tend to the current negative trend. At the time of writing, VET is trading at $0.08573, with a relatively 5% price plummet based on 24 hours estimation.

Follow us on Twitter, Facebook, Telegram, and Download Our Android App

AI Trading produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.