{"id":573775,"date":"2024-02-07T12:30:19","date_gmt":"2024-02-07T12:30:19","guid":{"rendered":"https:\/\/wncen.com\/?p=573775"},"modified":"2024-06-11T08:35:17","modified_gmt":"2024-06-11T08:35:17","slug":"vechain-vet-to-new-ath","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/vechain-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 <\/span>VeChain (VET)<\/span><\/a> price movements, predicting a surge to new all-time highs if the cryptocurrency succeeds in breaking certain resistance levels.\u00a0<\/span><\/p>\n

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

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

Related Reading: Massive $29.3 Million Whale Transfer Threatens XRP Price With More Sell Pressure<\/a><\/div>\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<\/span><\/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<\/span><\/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 <\/span>price of the cryptocurrency could rise<\/span><\/a> as high as $0.04425 cents.<\/span><\/p>\n

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

Related Reading: Bitcoin, Solana Take Center Stage In $721 Million In Institutional Inflows<\/a><\/div>\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<\/span><\/p>\n

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

\"VeChain<\/p>\n

VET shows strength at $0.02 | Source: VETUSDT On Tradingview.com<\/a><\/pre>\n
Featured image from Facts.net, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Crypto analyst and YouTuber, Crypto ZX has released an update on VeChain (VET) price movements, predicting a surge to new all-time highs if the cryptocurrency succeeds in breaking certain resistance levels.\u00a0 Catalysts Behind VET\u2019s Projected Price Surge In a YouTube video released on Monday, Crypto ZX explored 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, offering insights into key resistance levels and projecting a major surge during the anticipated 2024 bull run.\u00a0 Related Reading: Massive $29.3 Million Whale Transfer Threatens XRP Price With More Sell Pressure 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 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 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 as high as $0.04425 cents. Crypto ZX explains that the market\u2019s recent downturn 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 succeeds in surpassing the crucial levels at $46,000. \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 VeChain Price Update 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. Related Reading: Bitcoin, Solana Take Center Stage In $721 Million In Institutional Inflows 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 Crypto ZX has disclosed that despite the traction gained by VeChain\u2019s ongoing projects and developments, the cryptocurrency has not reflected the impact. He emphasized that VeChain is undervalued, considering the overall expansion and advancements the cryptocurrency has undergone. VET shows strength at $0.02 | Source: VETUSDT On Tradingview.com Featured image from Facts.net, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":573810,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,138,142,89606,167,6664,26263,14690,91591,12882,91588,12884,91589,86723,91590,79504,79505],"class_list":["post-573775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-altcoin-news","tag-altcoins","tag-altcoins-news","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-vec-prediction","tag-vechain","tag-vechain-news","tag-vet","tag-vet-news","tag-vet-price","tag-vet-price-performance","tag-vetusd","tag-vetusdt"],"acf":[],"yoast_head":"\nVeChain Ready For Big Moves: Analyst Identifies Key Factors 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"VeChain Ready For Big Moves: Analyst Identifies Key Factors That Will Drive VET To New ATH","url":"http:\/\/wncen.com\/news\/vechain-vet-to-new-ath\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/vechain-vet-to-new-ath\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/VeChain-VET-price.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/VeChain-VET-price.jpeg?fit=1280%2C720"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","altcoin news","altcoins","altcoins news","analyst","crypto","crypto analyst","crypto news","vec prediction","vechain","vechain news","vet","vet news","vet price","vet price performance","vetusd","vetusdt"],"dateCreated":"2024-02-07T12:30:19Z","datePublished":"2024-02-07T12:30:19Z","dateModified":"2024-06-11T08:35:17Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"VeChain Ready For Big Moves: Analyst Identifies Key Factors That Will Drive VET To New ATH\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/vechain-vet-to-new-ath\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/vechain-vet-to-new-ath\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/VeChain-VET-price.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/VeChain-VET-price.jpeg?fit=1280%2C720\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"altcoin news\",\"altcoins\",\"altcoins news\",\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"vec prediction\",\"vechain\",\"vechain news\",\"vet\",\"vet news\",\"vet price\",\"vet price performance\",\"vetusd\",\"vetusdt\"],\"dateCreated\":\"2024-02-07T12:30:19Z\",\"datePublished\":\"2024-02-07T12:30:19Z\",\"dateModified\":\"2024-06-11T08:35:17Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/VeChain-VET-price.jpeg?fit=1280%2C720","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/573775"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=573775"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/573775\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/573810"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=573775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=573775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=573775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}