Wednesday, July 23, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Blast From The Past? Analyst Identifies Pivotal Summer For VeChain With This Bullish Fractal

by SB Crypto Guru News
May 11, 2024
in Analysis
Reading Time: 2 mins read
0 0
A A
0


Over the past few weeks, the price of VeChain (VET) has struggled to live up to the promise and vigor it showed at the start of the year. This has been the story with a significant portion of the cryptocurrency market, with several large-cap altcoins down by double-digits in the past month.

However, the VeChain token has been a hot subject of discussion in the circle of cryptocurrency analysts and pundits. Popular crypto analyst Ali Martinez is amongst the latest to put forward future projections for the token.

Can VeChain Price Reach $0.6 By December 2024?

The crypto pundit took to the X platform to share an interesting update on the monthly chart of the VET price. According to Martinez, the cryptocurrency is gearing up for a price rebound this summer, which might be crucial to its performance in the rest of the year.

Related Reading

This projection is based on the return of a previously identified consolidation range in the VeChain price, with the analyst suggesting that the token could follow this historical fractal. Martinez pointed out that the fractal appeared in 2020 when VET’s price reached its all-time high of $0.281.

Most recently, VET broke out of a consolidation range following its significant price surge to $0.04664 in February. The altcoin has been experiencing a price correction since then, although what looks like a “resistance retest” seems to be complete. 

According to Martinez, the price of VeChain is set for a “rebound” this summer after retesting the channel’s upper boundary at around $0.32. Following the price recovery, the analyst said the cryptocurrency is likely to experience a “potential explosive growth” in the fall.

VeChain

A monthly price chart of VET showing the fractals | Source: Ali_Charts/X

As highlighted in the chart above, VET’s price could travel as high as $0.6 by December 2024. If this fractal does play out as the analyst anticipates, the price target would be a new all-time high and a massive 1,600% surge from the current price point.

VET Price Overview

As of this writing, the VeChain token is valued at  $0.03469, reflecting a 2.6% price dip in the last 24 hours. VET’s struggles in the past day underscore the altcoin’s sluggish performance on even broader timeframes.

Related Reading

According to data from CoinGecko, the cryptocurrency is down by 7% and 23% on the weekly timeframe and monthly timeframe, respectively. Nonetheless, VeChain has managed to retain its position amongst the top 50 largest cryptocurrencies, with a market capitalization of more than $2.5 billion.

VeChain

The price of VeChain continues its downtrend on the daily timeframe | Source: VETUSDT chart on TradingView 

Featured image from Pexels, chart from TradingView



Source link

Tags: AnalystBitcoin NewsblastBullishCrypto NewsCrypto UpdatesFractalIdentifiesLatest News on CryptopivotalSB Crypto Guru NewssummerVeChain
Previous Post

Trader Who Nailed 2022 Bitcoin Meltdown Says Ethereum Rival With ‘Strong Fundamentals’ Could Surge by up to 170%

Next Post

IMF Official: Countries Are Reevaluating Their Reliance on the US Dollar

Related Posts

XRP to hit  in 2025? Analysts weigh the possibility

XRP to hit $10 in 2025? Analysts weigh the possibility

by SB Crypto Guru News
July 22, 2025
0

XRP trades above $3.50 amid rising institutional interest and bullish sentiment. Ripple’s SEC settlement boosts confidence and opens doors to...

‘XRP Is The End Game’ — Pundit Reveals Why It’s Better Than Bitcoin

‘XRP Is The End Game’ — Pundit Reveals Why It’s Better Than Bitcoin

by SB Crypto Guru News
July 22, 2025
0

A provocative post from crypto commentator Vincent Van Code suggests that Bitcoin was simply the experiment, while XRP represents the...

SOL targets 0 after breakout above 0; check forecast

SOL targets $300 after breakout above $200; check forecast

by SB Crypto Guru News
July 22, 2025
0

Key takeaways Solana is the best performer among the top 10 cryptocurrencies by market cap, up 7% in the last...

The XRP Euphoria Phase: Why August–October 2025 Could Be Explosive

The XRP Euphoria Phase: Why August–October 2025 Could Be Explosive

by SB Crypto Guru News
July 21, 2025
0

XRP is no stranger to dramatic breakouts, and now, all signs point to another one brewing. After years of range-bound...

JASMY pumps 15% to outperform the market, targets alt=

JASMY pumps 15% to outperform the market, targets $0.034

by SB Crypto Guru News
July 21, 2025
0

Key takeaways JASMY is one of the top performers in the market, up 16% in the last 24 hours.  The...

Load More
Next Post
IMF Official: Countries Are Reevaluating Their Reliance on the US Dollar

IMF Official: Countries Are Reevaluating Their Reliance on the US Dollar

Why Bitcoin’s Post-Halving Rally Is Certain, Analyst Explains

Why Bitcoin’s Post-Halving Rally Is Certain, Analyst Explains

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.