{"id":42217,"date":"2024-11-27T13:27:58","date_gmt":"2024-11-27T13:27:58","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/vechain-surges-as-bulls-target-retest-of-8-month-high\/"},"modified":"2024-11-27T13:27:58","modified_gmt":"2024-11-27T13:27:58","slug":"vechain-surges-as-bulls-target-retest-of-8-month-high","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/vechain-surges-as-bulls-target-retest-of-8-month-high\/","title":{"rendered":"VeChain surges as bulls target retest of 8-month high"},"content":{"rendered":"

(Originally posted on : Invezz )<\/b>
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VeChain (VET), the enterprise-grade layer-1 smart contract platform, is one of the top performers this past month with 88% gains. <\/p>\n

The bullish momentum that pushed VET higher amid broader market upside had bulls retesting levels above $0.045 for the first time since April.<\/p>\n

The uptick benefitted from the Trump trade sentiment after Donald Trump\u2019s win in the 2024 US presidential election. <\/p>\n

VET\u2019s recovery began on November 5, with buyers flipping the downtrend that had seen bears dominate since the VeChain price reached its year-to-date highs in March.<\/p>\n

Despite Bitcoin\u2019s pullback<\/a> over the past week that has seen most altcoins trend lower, VET price has gained 6% in the past 24 hours to maintain the bullish outlook.<\/p>\n

As data from CoinGecko shows, the VeChain token looks to have declined at the eight-month highs. <\/p>\n

Currently, the supply chain related token trades at $0.041, up more than 90% since trading around $0.001917 in March 2020. <\/p>\n

VET\u2019s current value is over 2,055% since that all-time low.<\/p>\n

VET token price<\/h2>\n

VeChain rallied to its all-time high of $0.28 in April 2021, more than three years ago. <\/p>\n

But while overall market pushed price to above $0.051 in March, bulls have struggled to recapture the level.<\/p>\n

BTC\u2019s surge to near $100k and potential rebound suggests VeChain could follow suit. <\/p>\n

The technical outlook indicates a recovery may be in the offing, with VET\/USD likely to retest $0.050 and higher.<\/p>\n

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\u201cVeChain $VET appears to break out from a bull flag, which suggests a 30% price surge to $0.056!\u201d crypto analyst Ali Martinez shared on X.<\/p>\n<\/blockquote>\n

The analyst points to VeChain\u2019s bull flag pattern formation.<\/p>\n

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\"Ali\"<\/div>\n
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Ali<\/span><\/div>\n
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@ali_charts<\/span><\/a><\/p>\n
\u00b7<\/span>Follow<\/a><\/div>\n<\/div>\n<\/div>\n

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#VeChain<\/a> <\/span>$VET<\/a> appears to break out from a bull flag, which suggests a 30% price surge to $0.056!<\/span><\/p>\n

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\"Image\"<\/a><\/div>\n<\/div>\n

1:20 am \u00b7 25 Nov 2024<\/a><\/a><\/div>\n
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484<\/span><\/a><\/p>\n

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Reply<\/span><\/a>