After the sharp recovery from its recent lows at $0.05 on July 21, VeChain (VET) has formed a pennant. This setup will complete after the price breaks above or below the formation. The 20-day EMA ($0.11) has flattened out and the RSI has dropped close to the midpoint, suggesting a balance between supply and demand...
A breakout and close above the resistance line of the pennant will suggest the resumption of the up-move. The first target objective on the upside is a move to $0.16 and, if this level is crossed, the VET/USDT pair may rally to $0.19. Conversely, if the price breaks below the support line of the pennant, the bullish view will be negated. The pair could then decline to the 50-day SMA ($0.09). The four-hour chart shows the price is getting squeezed inside the triangle. Both moving averages are flat and the RSI is just below the midpoint, which does not give a clear advantage either to the bulls or the bears. The rebound off the support line is facing stiff resistance at the 50-day SMA. If the price turns down from the current level, the bears will try to sink the pair below the support line. If they succeed, the pair may drop to $0.082. On the other hand, if bulls drive the price above the 50-day SMA, the pair could challenge the resistance line. A breakout and close above this resistance could signal the resumption of the up-move.
Can you imagine trying to sell VET? That’s what Sunny Lu does on a daily basis, and he even has the tag #valuable transactions. Where’s the value in VET transactions, especially when no one is using it? This coin has been a trainwreck since the bear market started...
They used to have one of the most fanatical groups in crypto, but they’ve been since tamed from this particulary harsh bear market.
Ok, the VET summit went off with fireworks. If you haven’t seen the amount of news that Sunny and VET are bringing to crypto then you’re doing yourself a disservice. Basically, multinational corporations are very much onboard with VET...
They are not only supporting them, but also buying VET tokens along with telling their customers that this is the future. VET also announced that they will be able to announce of Huge partnership in the next two months regarding PwC. This might be the biggest announcement in crypto this year, so I would definitely start accumulating in the event that it pans out like most of us believe.
VET is moving as steady as they come. Finally it's found its place among the top contenders, and people are finally realizing its value. Their upcoming event with BMW has a lot of people curious what kind of development they have going on...
BMW wouldn't join up for a huge event at the Pavillion in San Francisco for nothing, so let's wait and see the big news. I've been holding VET and earning VTHOR in the process, so this all works out for me. VET is going to win in the long run.
Oh wow, VET is actually kinda mooning. I've been waiting to see a chart like this on VET in a long time. It's perfectly set up for a strong move. I can see this coin tracking up to its level around April of last year. If it's able to do that then we can potentially see a 2-3x rise from this point. VET holders should be confident on this move.
VeChain is going to overtake TRX. VeChain is a real business with actual revenue. Sunny Lu has been quiet because he is gearing VeChain to be one of the biggest names in crypto. Patience is all that's needed. VTHO will probably get listed on Binance soon too, just like ONT Gas.
Question to experts, is it already possible to buy VEN? Or will the price go even lower? The price has been falling for more than a month now, when is growth expected?
* Crypto Rating accepts no liability for content of the VeChain reviews made by the site users. The entire responsibility for the contents rests with the authors.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | Volume 24h | |
| 1 |  BTC |
Bitcoin predictions | 87.6% | 18 | $47 909.19 | 1.25% | 6.49% | $901 641 061 708 | $28 050 036 805 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 74.4% | 50 | $3 403.28 | -0.03% | 4.43% | $400 159 822 847 | $15 622 649 240 | |
| 3 |  ADA |
Cardano predictions | 69.2% | 67 | $2.35 | 0.60% | -7.85% | $75 357 799 161 | $2 088 968 420 | |
| 4 |  BNB |
Binance Coin predictions | 67.6% | 70 | $407.56 | 0.47% | 1.25% | $68 526 382 470 | $1 286 561 409 | |
| 5 |  USDT |
Tether predictions | 95.6% | 1 | $0.999719 | -0.01% | -0.08% | $68 273 294 138 | $59 325 016 988 | |
| 6 |  SOL |
Solana predictions | 56.4% | 90 | $169.00 | 15.95% | -4.00% | $50 188 146 941 | $5 525 090 300 | |
| 7 |  XRP |
XRP predictions | 70% | 60 | $1.069665 | -0.34% | 0.13% | $49 870 165 652 | $2 257 392 576 | |
| 8 |  DOT |
Polkadot predictions | 62.4% | 81 | $33.88 | 2.15% | 6.78% | $33 459 890 032 | $1 816 386 745 | |
| 9 |  DOGE |
Dogecoin predictions | 65.6% | 75 | $0.239076 | -0.82% | -0.97% | $31 399 746 530 | $979 904 892 | |
| 10 |  USDC |
USD Coin predictions | 91.2% | 1 | $0.999641 | -0.02% | -0.06% | $29 376 366 391 | $2 105 784 383 | |
| 11 |  UNI |
UniSwap predictions | 71.6% | 63 | $24.35 | 0.43% | 8.39% | $14 893 602 037 | $286 321 085 | |
| 12 |  AVAX |
Avalanche predictions | 67.6% | 69 | $67.04 | -5.17% | 18.67% | $14 768 791 649 | $1 846 054 630 | |
| 13 |  LUNA |
Terra predictions | 65.2% | 65 | $34.44 | -1.18% | -11.44% | $13 834 117 320 | $717 648 404 | |
| 14 |  BUSD |
Binance USD predictions | 92.8% | 1 | $0.999598 | -0.01% | -0.06% | $12 808 404 518 | $4 836 734 186 | |
| 15 |  LINK |
Chainlink predictions | 71.6% | 52 | $27.94 | 0.69% | 4.33% | $12 672 882 341 | $1 023 457 767 |
