Justin Bennett, a popular crypto analyst and trader, has been sounding positive about the trend of VeChain (VET) in the market, suggesting that the cryptocurrency is set to regain the ground it lost since April 2021.
The cryptocurrency market led by Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies, has been showcasing bullishness for the past couple of days.
Since Bitcoin (BTC) has regained its surging momentum and is close to retesting $50,000, other cryptocurrencies such as VeChain (VET) are expected to replicate the positive trend.
Justin Bennett Says VeChain (VET) Is Set To Break Its Descending Trend
A crypto analyst and trader with over 60,000 followers on Twitter, Justin Bennett, has recently analyzed the current trend of VeChain (VET), the 22nd largest digital currency by market cap.
According to the trader in a recent tweet, VeChain (VET) is turning $0.115 into its new support level, which is an indication that the cryptocurrency is set to break the descending trend line from April 2021.
Captioning an illustrative chart, Justin Bennett tweeted, “VET had its retest of 0.115 as new support. Now it’s time to break that descending trend line from April. Let’s go #VeFam!”
$VET had its retest of 0.115 as new support. Now it's time to break that descending trend line from April. 👀
— Justin Bennett (@JustinBennettFX) August 21, 2021