VECHAIN (VET) COIN PRICE PREDICTION 2021 | SHOULD I BUY VECHAIN VET? | VECHAIN COIN WILL $1 |VET,ADA

VeChain Holds Its Ground Against The Bears,
Can It Reach $1? VeChain (VET) has been moving sideways in
the daily chart while major cryptocurrencies bleed out in the lower and higher timeframes. In the weekly and monthly chart, VET has an
impressive 11.4% and 140% respectively trending opposite to the general market sentiment.Anonymous
trader VeChain Justin shared the chart below via Twitter to show VET is on a bullish trajectory. According to the trader, VET formed an Inverse
head and shoulders (H&S) pattern on lower timeframes. Usually an indication of a bearish-to-bullish
reversal, this pattern was invalidated but later form an ascending triangle pattern.

The trader said the following: On Step 5 (shown in the chart), need bounce
from support to breakout and continue trend. #VeChain trading tightening. This is exciting.An ascending triangle pattern
points to a likely break out in the price action. With resistance at $0.27 and support across
the low and mid-range of $0.20. On this price structure the Fibonacci extension
point to a target of $0.34. The trader added:a conservative scenario with
lower trendline sitting on the 60 day moving average @ 0.2280 and taking 1-2 days longer
to complete. Using wicks and MA here. Anything under 0.2300 seems to be a great
buy considering the strength of VeChain. What Behind VeChain’s Pump? VET’s strong price action could be supported
by 5 main facts as pseudonym researcher “ProfessorSD” said.

The high number of corporate partnerships
from entities like PriceWaterhouseCoopers (PwC), Groupe Renault, DNV GL, and others,
seeking to adopt, implement or create their own solutions and products on top of blockchain
VeChainThor. In addition, the rise of the platform in China. The national government in this country seems
to be more open about its support for VET. As evidence by a recent report from the China-backed
TV channel Shanghai Media Group (SMG), there is growing interest in blockchain technology
and its application on VeChainThor and other networks. ProfessorSD claims VET’s price to $1 and
$3.5 is an “easy target” and added three mote potential bullish factors: a potential
listing on Coinbase, 3 partners (BYD, BMW, and Bayer) coming live on this platform, and
the emission of a “Vaccine Passport” with Cyprus for European countries.On an alternative
scenario, analyst Justin Bennet said is possible for VET to revisit the higher range of $0.10
and even retest much lower levels if “things get really ugly”. Bennet added: The alternative is that VET closes today above
20 cents, everything rallies tomorrow, and we all live happily ever after.

I’m throwing this short-term bearish scenario
out there so you’re prepared just in case. VeChain price recovers 50% of its market capitalization
in hours after massive collapse VeChain price has seen a massive 50% rebound
from a low of $0.13. The digital asset could see another upswing
in the short-term according to technicals. VET bulls must conquer a key resistance level
to confirm an uptrend.

VeChain, like the rest of cryptocurrencies,
had a major drop in the last two days and lost close to $8 billion in market capitalization,
gaining around $4 billion in the last 24 hours. VeChain price aims for a massive rebound if
key resistance level is broken VeChain price has seen a significant rebound
in the last 24 hours from its low of $0.13 to $0.194 at the time of writing. The digital asset only faces one last key
resistance level at $0.195, which is the 50 SMA. A 6-hour candlestick close above the 50 SMA
support level will confirm a short-term uptrend. Additionally, the TD Sequential indicator
has just presented a buy signal which is also increasing the buying pressure of VET. On the 12-hour chart, VeChain has formed a
hammer candlestick, which is considered extremely bullish, and a reversal candlestick. It signals the asset is near a bottom, but
there needs to be other factors to be confirmed, like the buy signal mentioned above. However, on the 4-hour chart, VeChain price
had a breakdown from a symmetrical triangle pattern which has a long-term price target
of $0.118. This was not met in the last crash and the
previous support trend line will most likely act as a strong resistance level which can
quickly push VeChain price down to the target of $0.118.

VeChain (VET) price extended its correction
from the record highs. Here are the next targets
VeChain (VET) price has weakened below the $0.13 level this Friday
If the price falls again below $0.15 support, it would be a strong "sell" signal
If the price jumps again above $0.25, the next price target could be around $0.27 or
even $0.30 The cryptocurrency market is losing its value
this trading week, Bitcoin is trading around $50000 support, and for now, everything indicates
that the price could fall even more. VeChain (VET) price has weakened below the
$0.13 level this Friday, but the main trend of this cryptocurrency still remains bullish. Fundamental analysis: Salesforce’s integration
could help boost VET utility exponentially VeChain is a blockchain platform designed
to enhance supply chain management and business processes. Vechain can track enormous data through a
trust-free business ecosystem, and it does not face problems with delayed data transmission. Are you looking for fast-news, hot-tips and
market analysis? Sign-up for the Invezz newsletter, today. VeChain derives its value from activities
created by members, and it is important to say that it has the best features from both
the DeFi and CeFi sectors.

The liquidity of this coin has risen dramatically,
and the price of Vechain (VET) advanced above $0.27 this April. Salesforce’s decision to tests the VeChain
blockchain sent this cryptocurrency to record highs while the CEO of VeChain, said that
Salesforce’s integration could help boost VET utility exponentially. “Salesforce has started to make the first
trial on the VeChainThor public blockchain. Given their expertise and industry know-how
in different areas, they could build thousands of applications in the future on top of the
VeChainThor public blockchain,” said Sunny Lu, CEO at VeChain. In the period from November 2020 – January
2021 – VeChain announced a partnership with Grant Thornton Cyprus and Blockchain for Trade
& Connectivity Network. VeChain will providie technical and infrastructural
support for these organizations, and the positive information is that VeChain received the world’s
first 5-Star-Rated Blockchain Service Certificate based on its premium technology. The cryptocurrency market is losing its value
this Friday, the price of VeChain can weaken even more in the upcoming weeks, and maybe
it is not the best moment to invest in this cryptocurrency. Technical analysis: For now, there is no risk
of the bear market VeChain price extended its correction from
the record highs above $0.27, registered on 17th April, but for now, there is no risk
of the bear market.

It is also important to mention that the price
of VeChain is correlated with the price of Bitcoin, and investors in this cryptocurrency
should also have Bitcoin on their “watch list.” Data source: tradingview.com
VeChain (VET) is currently trading around $0.20 level, but if the price jumps again
above $0.25 resistance, it would be a signal to buy VeChain (VET). The next price target could be around $0.27
or even $0.30; still, if the price falls again below $0.15 support, it would be a strong
“sell” signal. Summary
VeChain (VET) price has weakened below the $0.13 level this Friday, and maybe it is not
the best moment to invest in this cryptocurrency. For now, there is no risk of the bear market,
but if the price falls again below $0.15 support, it would be a strong “sell” signal.

Subscribe channel
affiliate cambodia thank you!.

You May Also Like