VeChain (VET) has been experiencing a continuous decline in its trading performance for over a week, with nearly a 20% decrease since the year began. The cryptocurrency, centered around supply chain technology, has exhibited a persistent downtrend since 2023, with minimal indications of a price recovery. Nevertheless, this situation could potentially offer investors a ‘buy the dip’ opportunity.
Buy signals have been identified on both the 1-day and 3-day VET charts, as indicated by the TD Sequential indicator. This implies a potential upward movement, with the likelihood of extending for one to four candlesticks, as per a post on X from cryptocurrency expert Ali Martinez on January 22.
“#VeChain Trading Alert: Buy signals have emerged on both the 1-day and 3-day $VET charts, based on the TD Sequential indicator. This suggests a potential upswing, possibly extending for one to four candlesticks,” analyst noted.
Buy signal on VET price chart. Source: Ali Martinez
VET price anal
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