Cryptocurrency

Analyst Justin Bennett: VeChain (VET) Could Be Set For a Fresh Bull Run

Justin Bennett, a prominent crypto analyst and trader, has stated that the altcoin market as a whole could be presenting some golden opportunities derived from the continued positive trend of Bitcoin (BTC), the largest cryptocurrency by market cap.

According to the analyst, as long as Bitcoin (BTC) maintains its bullish momentum, altcoins such as VET, the native token of the decentralized supply chain management platform, VeChain, could be set for a fresh bullish run.

Read Also: CTI Says VeChain is a Better Eco-Friendly Blockchain, Compared to Bitcoin, Ethereum, Cardano

Captioning a chart for illustration, Justin Bennett tweeted, “VET has had two false breaks since September. However, it reclaimed the April trend line on Tuesday. As long as BTC continues to behave, this is the time to load up on altcoins that are lagging, IMO.”

Bennett also has more to say on the current trend of Bitcoin (BTC) in the market. In his close observation on Bitcoin (BTC), the analyst pinpointed a few key price levels for the flagship digital currency.

According to the trader, there is one hurdle left before the first and largest cryptocurrency surges closer to record new all-time highs.

Read Also: VeChain Launches Solution Aimed to Revolutionize the Way Sustainability Is Tracked In the Fashion Industry

Justin Bennett tweeted, “Last hurdle before $60,000+. Needs a close above $54,300 to flip it to support.”

According to CoinMarketCap, Bitcoin (BTC) is trading at $54,393, with a relatively 7% price upsurge in the last 24 hours.


Follow us on Twitter, Facebook, Telegram, and Download Our Android App

Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

Recent Posts

Real Vision CEO Raoul Pal Advises XRP Holders

In a recent Twitter post, crypto enthusiast Riz shared a clip of Real Vision CEO…

59 minutes ago

AI memes take over: DrPepe.ai & the future of cryptocurrency

PEPE joins forces with AI to launch DrPepe.ai on Solana DrPepe.ai will release the first…

1 hour ago

Bitcoin breaks historical records, and BitconeMine also successfully breaks historical records through AI intelligent systems, mining more Bitcoin every day

The BitconeMine mining website is the most convenient platform for investors to acquire digital assets…

2 hours ago

Most Indicators Suggest an XRP Price Surge Incoming

Ripple’s native cryptocurrency, XRP, has been a subject of intense scrutiny and anticipation in the…

2 hours ago

XRP Lawsuit: Court Order Favors Ripple CEO Brad Garlinghouse

In a significant update to the ongoing In re Ripple Labs Inc. Litigation, Judge Phyllis…

4 hours ago

Analyst Says XRP Surpasses Genuine Wake-Up Line, Sets Timeline For Major Breakout

The crypto community is buzzing following the latest analysis from prominent crypto analyst EGRAG CRYPTO.…

4 hours ago