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

A pseudonymous crypto analyst, identified on Twitter as VeChain Justin, has recently pinpointed a significant trend in VET/USD pair. According to the chartist, the bullish signal is indicating that VeChain (VET) could surge over 377% from current prices.

A couple of hours ago, the digital token VET exhibited a parabolic movement that took its price beyond $0.10 after a long wait below the support level. At the time of writing, VET is trading at $0.112, with a 2.5% price increase in the last 24 hours.

Read Also: VeChain (VET) Is Topping Real Vision’s Poll of Most Undervalued Crypto; Sync2 Lite Version Now Supports Ledger

Parabolic Move in Sight for VeChain (VET)

According to Justin, VeChain (VET) is poised for a parabolic move anytime from now, stating that the digital currency has formed a bullish Cup & Handle Pattern, coupled with an increasing volume that could bring about over 377% price increase.

AI Trading

He captioned a chart for illustration, stating that his next price target for VET is $0.5.

VeChain Justin tweeted, “#VeFam, parabolic move in sight. VeChain has formed a massive bullish Cup & Handle Pattern with matching volume that can launch us +377%. This aligns closely with 4.618 Fib extension. Expect consolidation in handle before lift off. $VET target: $0.5008.”

Read Also: VeChain CEO Sunny Lu Explains Blockchain and Central System Using the Power of Love

Justin further told the VeChain (VET) holders to expect consolidation before the pattern could complete:

“Again, consolidation is expected for this pattern to complete. This dip is a necessary evil. Hold tight. It will be a bumpy ride. See you at the top.”

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.