{"id":573775,"date":"2024-02-07T12:30:19","date_gmt":"2024-02-07T12:30:19","guid":{"rendered":"https:\/\/uniquehot.com\/?p=573775"},"modified":"2024-06-11T08:35:17","modified_gmt":"2024-06-11T08:35:17","slug":"vechain-vet-to-new-ath","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/vechain-vet-to-new-ath\/","title":{"rendered":"VeChain Ready For Big Moves: Analyst Identifies Key Factors That Will Drive VET To New ATH"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Crypto analyst and YouTuber, Crypto ZX has released an update on <\/span><a href=\"https:\/\/uniquehot.com\/news\/vechain-skyrockets-by-77-to-reach-new-yearly-high-analyst-bullish-on-vet-targeting-1-6\/\"><span style=\"font-weight: 400\">VeChain (VET)<\/span><\/a><span style=\"font-weight: 400\"> price movements, predicting a surge to new all-time highs if the cryptocurrency succeeds in breaking certain resistance levels.\u00a0<\/span><\/p>\n<h2>Catalysts Behind VET\u2019s Projected Price Surge<\/h2>\n<p><span style=\"font-weight: 400\">In a YouTube video released on Monday, Crypto ZX <\/span><a href=\"https:\/\/youtu.be\/0ieepzf_dco?si=vfLx2Ijmf6WYdYwg\" rel=\"nofollow\"><span style=\"font-weight: 400\">explored<\/span><\/a><span style=\"font-weight: 400\"> VeChain\u2019s historical and recent price actions, emphasizing a potential for an upward trajectory as market down trends subside. The analyst delved into VeChain\u2019s recent performance in relation to <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-price-crashed-below-40000\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Bitcoin<\/span><\/a><span style=\"font-weight: 400\">, offering insights into key resistance levels and projecting a major surge during the anticipated <\/span><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-bull-run-2024-inevitable\/\"><span style=\"font-weight: 400\">2024 bull run.\u00a0<\/span><\/a><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/29-3-million-whale-xrp-price\/\">Massive $29.3 Million Whale Transfer Threatens XRP Price With More Sell Pressure<\/a><\/div>\n<p><span style=\"font-weight: 400\">According to the Crypto ZX, VeChain previously broke above a significant price resistance on December 20, 2023, reaching almost $0.039 before undergoing a subsequent pullback. Despite an attempt to breach the same price resistance on January 11, 2024, the cryptocurrency faced a notable rejection.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Crypto ZX has suggested that VeChain may be consolidating around the $0.03 price range. Nonetheless, the cryptocurrency\u2019s expected goal is to experience a surge beyond the crucial resistance level at $0.033 cents.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The analyst has revealed that a break above the resistance level would give VeChain a greater chance to surge to new highs. He predicts that if VeChain can overcome current resistance levels, then the <\/span><a href=\"https:\/\/uniquehot.com\/news\/vechain-vet-set-to-explode-analyst-predicts-7500-rally-to-2-3\/\"><span style=\"font-weight: 400\">price of the cryptocurrency could rise<\/span><\/a><span style=\"font-weight: 400\"> as high as $0.04425 cents.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Crypto ZX explains that the <\/span><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-flash-crash-crypto-market-witnesses-2-5-billion-inflow-following-recent-downturn\/\"><span style=\"font-weight: 400\">market\u2019s recent downturn<\/span><\/a><span style=\"font-weight: 400\"> has led to VeChain\u2019s fluctuating price movement along the support line. He anticipates a retracement of around 17.26% from the key resistance level and predicts that VeChain could surge to new yearly highs if <\/span><a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-aims-higher-45000\/\"><span style=\"font-weight: 400\">Bitcoin<\/span><\/a><span style=\"font-weight: 400\"> succeeds in surpassing the crucial levels at $46,000.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cAt the end of the day all are speculations, but I am very optimistic about the price of VeChain for the year 2024. I think it is going to shock a lot of people,\u201d Crypto ZX stated.\u00a0<\/span><\/p>\n<h2>VeChain Price Update<\/h2>\n<p><span style=\"font-weight: 400\">In his YouTube video, Crypto ZX provided an update on VeChain\u2019s recent price movements and current value. According to the analyst, VeChain is down about 2.3% on the daily time frame. He reveals that the majority of the market is also down currently due to <\/span><a href=\"https:\/\/uniquehot.com\/news\/post-etf-pain-bitcoin-plunges-20-and-drowns-the-crypto-market-in-a-sea-of-red\/\"><span style=\"font-weight: 400\">Bitcoin\u2019s recent pullback.<\/span><\/a><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-solana-721-million-inflows\/\">Bitcoin, Solana Take Center Stage In $721 Million In Institutional Inflows<\/a><\/div>\n<p><span style=\"font-weight: 400\">At the time of writing, VeChain is trading at $0.027, reflecting a decrease of 1.51% in the past 7 days, according to CoinMarketCap. The analyst revealed that the cryptocurrency is also down by 1.9% in BTC, compared with the market capitalization, which is holding very strong above the $2 billion mark.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Crypto ZX has disclosed that despite the traction gained by VeChain\u2019s ongoing projects and developments, the <\/span><a href=\"https:\/\/uniquehot.com\/press-releases\/ethereum-eth-and-vechain-vet-prices-struggling-today-but-sees-bright-future-tomorrow-how-high-can-reach-ethereum-and-vechain-prices\/\"><span style=\"font-weight: 400\">cryptocurrency has not reflected the impact.<\/span><\/a><span style=\"font-weight: 400\"> He emphasized that VeChain is undervalued, considering the overall expansion and advancements the cryptocurrency has undergone.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/HEfG3agZ\/\" alt=\"VeChain VET price chart from Tradingview.com\" width=\"3286\" height=\"1530\"><\/p>\n<pre style=\"text-align: center\">VET shows strength at $0.02 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">VETUSDT On Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from Facts.net, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto analyst and YouTuber, Crypto ZX has released an update on VeChain (VET) price movements, predicting a surge to new all-time highs if the cryptocurrency succeeds in breaking certain resistance levels.\u00a0 Catalysts Behind VET\u2019s Projected Price Surge In a YouTube video released on Monday, Crypto ZX explored VeChain\u2019s historical and recent price actions, emphasizing a potential for an upward trajectory as market down trends subside. The analyst delved into VeChain\u2019s recent performance in relation to Bitcoin, offering insights into key resistance levels and projecting a major surge during the anticipated 2024 bull run.\u00a0 Related Reading: Massive $29.3 Million Whale Transfer Threatens XRP Price With More Sell Pressure According to the Crypto ZX, VeChain previously broke above a significant price resistance on December 20, 2023, reaching almost $0.039 before undergoing a subsequent pullback. Despite an attempt to breach the same price resistance on January 11, 2024, the cryptocurrency faced a notable rejection.\u00a0 Crypto ZX has suggested that VeChain may be consolidating around the $0.03 price range. Nonetheless, the cryptocurrency\u2019s expected goal is to experience a surge beyond the crucial resistance level at $0.033 cents.\u00a0 The analyst has revealed that a break above the resistance level would give VeChain a greater chance to surge to new highs. He predicts that if VeChain can overcome current resistance levels, then the price of the cryptocurrency could rise as high as $0.04425 cents. Crypto ZX explains that the market\u2019s recent downturn has led to VeChain\u2019s fluctuating price movement along the support line. He anticipates a retracement of around 17.26% from the key resistance level and predicts that VeChain could surge to new yearly highs if Bitcoin succeeds in surpassing the crucial levels at $46,000. \u201cAt the end of the day all are speculations, but I am very optimistic about the price of VeChain for the year 2024. I think it is going to shock a lot of people,\u201d Crypto ZX stated.\u00a0 VeChain Price Update In his YouTube video, Crypto ZX provided an update on VeChain\u2019s recent price movements and current value. According to the analyst, VeChain is down about 2.3% on the daily time frame. He reveals that the majority of the market is also down currently due to Bitcoin\u2019s recent pullback. Related Reading: Bitcoin, Solana Take Center Stage In $721 Million In Institutional Inflows At the time of writing, VeChain is trading at $0.027, reflecting a decrease of 1.51% in the past 7 days, according to CoinMarketCap. The analyst revealed that the cryptocurrency is also down by 1.9% in BTC, compared with the market capitalization, which is holding very strong above the $2 billion mark.\u00a0 Crypto ZX has disclosed that despite the traction gained by VeChain\u2019s ongoing projects and developments, the cryptocurrency has not reflected the impact. He emphasized that VeChain is undervalued, considering the overall expansion and advancements the cryptocurrency has undergone. VET shows strength at $0.02 | Source: VETUSDT On Tradingview.com Featured image from Facts.net, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":573810,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,138,142,89606,167,6664,26263,14690,91591,12882,91588,12884,91589,86723,91590,79504,79505],"class_list":["post-573775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-altcoin-news","tag-altcoins","tag-altcoins-news","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-vec-prediction","tag-vechain","tag-vechain-news","tag-vet","tag-vet-news","tag-vet-price","tag-vet-price-performance","tag-vetusd","tag-vetusdt"],"acf":[],"yoast_head":"\n<title>VeChain Ready For Big Moves: Analyst Identifies Key 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