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Analyst Ali Martinez shared a positive outlook on Vechain (VET) via an X post, noting that VET appears to mirror its previous bull cycle.
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The VeChain price chart indicates stability at the support level, with buyers gaining strength despite selling pressure.
The price structure shows that the VeChain price was in an uptrend from the end of October 2023. It built higher highs and lows until reaching the supply level at $0.0510.
The price made three attempts to surpass the hurdle at the supply level but failed as bears pushed it downwards. The VET price gradually deteriorated and later formed its support at $0.03325 by mid-May 2024.
However, the VET price has revealed a sign of recovery as it stopped plunging. Besides, it appears that bulls are regaining their ground slowly, trying to ride on an upward trendline.
Analyst Predicts That a Sharp Parabolic Move Can Come In VeChain
Analyst Ali Martinez shared a positive outlook on VeChain (VE
We współpracy z: https://www.thecoinrepublic.com/2024/05/28/analysts-are-optimistic-about-vechain-could-it-reach-0-05-mark/
