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Could VeChain (VET) Price Reach $1? Insights from a Renowned Analyst!

Published 02/16/2024, 08:18 PM
Updated 02/16/2024, 08:45 PM
Could VeChain (VET) Price Reach $1? Insights from a Renowned Analyst!
VET/USD
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  • VET price stands out with an increase of more than 20% in the last 24 hours.
  • The renowned analyst is pointing to the level of $0.11640 for the VET token.
  • Maintaining the 0.382 Fib is crucial for the upward movement of VET price.

Popular altcoin VeChain (VET), which has seen an increase of over 20% in the last 24 hours, resiliently maintains its position above $0.04 despite selling pressure on Bitcoin and cryptocurrencies. The VET token price has surged by over 80% in the last 7 days.

Now, the main question is whether the VET token will rise further. This question is addressed in the analysis shared by EGRAG CRYPTO on X. The renowned analyst EGRAG reiterated his predictions by examining the chart of the VET token. According to the analyst, if the weekly candle closes above $0.04317 (Fibonacci 0.382 level), the VET token will strengthen its position.

The post Could VeChain (VET) Price Reach $1? Insights from a Renowned Analyst! appeared first on Coin Edition.

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