A prominent analyst recently flagged an extremely bullish technical event brewing for enterprise blockchain project VeChain’s VET token this past week, warning bears of fireworks.
Posting to X, crypto trader CoinsKid highlighted the emergence of a so-called ‘golden cross’ pattern playing out on VeChain’s multi-month price charts. The powerful signal occurs when a faster-moving average crosses up through the path of a slower average, typically igniting sustained uptrends thereafter.
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CoinsKid last observed such a golden cross on VET’s weekly timeframe way back in June 2020. History looks ready to repeat, with a new golden crossover materializing lately amidst surging network adoption tailwinds.
While history doesn’t always repeat verbatim, the current VeChain setup offers similarities with mid-2020 as far as the technical posture goes. With fundamentals likewise accelerating on rapid enterprise onboarding recently, the stage looks set for VET to launch its next parabolic advance if the golden cross holds up.
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Can VET hit $0.1?
Cryptocurrency experts at Changelly have given their price predictions for VeChain VET. According to the analysts, VET is likely to hit $0.1 by July 2025.
In March, experts anticipate VET’s minimum price to be $0.0512. Additionally, the experts state that the maximum price expected is $0.0567. Experts anticipate that VET will trade at an average price of $0.0537.
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VET is 82.9% down from its all-time high of $0.2782 and has a long way to go before breaching its previous all-time high. However, the price can vary depending on various factors, including market sentiment and the project’s development. Nevertheless, alongside the positive market conditions, VET is up and trading in the green.