{"id":35876,"date":"2024-02-07T12:52:40","date_gmt":"2024-02-07T16:52:40","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=35876"},"modified":"2024-02-07T12:52:40","modified_gmt":"2024-02-07T16:52:40","slug":"vechain-ready-for-big-moves-analyst-identifies-key-factors-that-will-drive-vet-to-new-ath","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/02\/07\/vechain-ready-for-big-moves-analyst-identifies-key-factors-that-will-drive-vet-to-new-ath\/","title":{"rendered":"VeChain Ready For Big Moves: Analyst Identifies Key Factors That Will Drive VET To New ATH"},"content":{"rendered":"

Crypto analyst and YouTuber, Crypto ZX has released an update on VeChain (VET)<\/a> price movements, predicting a surge to new all-time highs if the cryptocurrency succeeds in breaking certain resistance levels.\u00a0<\/p>\n

Catalysts Behind VET\u2019s Projected Price Surge<\/h2>\n

In a YouTube video released on Monday, Crypto ZX explored<\/a> 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<\/a>, offering insights into key resistance levels and projecting a major surge during the anticipated 2024 bull run.\u00a0<\/a><\/p>\n

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<\/p>\n

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<\/p>\n

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<\/a> as high as $0.04425 cents.<\/p>\n

Crypto ZX explains that the market\u2019s recent downturn<\/a> 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<\/a> succeeds in surpassing the crucial levels at $46,000.<\/p>\n

\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<\/p>\n

VeChain Price Update<\/h2>\n

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.<\/a><\/p>\n

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<\/p>\n

Crypto ZX has disclosed that despite the traction gained by VeChain\u2019s ongoing projects and developments, the cryptocurrency has not reflected the impact.<\/a> He emphasized that VeChain is undervalued, considering the overall expansion and advancements the cryptocurrency has undergone.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Crypto analyst and YouTuber, Crypto ZX has released an update on VeChain (VET)<\/a> price movements, predicting a surge to new all-time highs if the cryptocurrency succeeds in breaking certain resistance levels.\u00a0<\/p>\n

Catalysts Behind VET\u2019s Projected Price Surge<\/h2>\n

In a YouTube video released on Monday, Crypto ZX explored<\/a> 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<\/a>, offering insights into key resistance levels and projecting a major surge during the anticipated 2024 bull run.\u00a0<\/a><\/p>\n

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<\/p>\n

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<\/p>\n

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<\/a> as high as $0.04425 cents.<\/p>\n

Crypto ZX explains that the market\u2019s recent downturn<\/a> 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<\/a> succeeds in surpassing the crucial levels at $46,000.<\/p>\n

\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<\/p>\n

VeChain Price Update<\/h2>\n

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.<\/a><\/p>\n

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<\/p>\n

Crypto ZX has disclosed that despite the traction gained by VeChain\u2019s ongoing projects and developments, the cryptocurrency has not reflected the impact.<\/a> He emphasized that VeChain is undervalued, considering the overall expansion and advancements the cryptocurrency has undergone.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-35876","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=35876"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35876\/revisions"}],"predecessor-version":[{"id":35882,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35876\/revisions\/35882"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=35876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=35876"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=35876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}