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HomeCryptocurrencyTop Analyst Projects VeChain (VET) To Rally 7,592% to Reach $2.3. Here's...

Top Analyst Projects VeChain (VET) To Rally 7,592% to Reach $2.3. Here’s the Timeline

VeChain (VET) was recently projected to attain new price highs by renowned crypto analyst Egrag Crypto. His bold prediction contains three price targets, which he noted will be followed sequentially.

In a recent tweet on X, the popular analyst wrote, “VET will unlock your financial chains.”

It is worth noting that VET is currently changing hands at $0.0299. Its all-time high (ATH) played out in April 2021 when it sold for approximately $0.28.

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Three Price Targets For VeChain (VET)

Egrag’s shared chart indicated that the VET price movement seems to be moving within a descending parallel channel since 2021.

However, recent patterns on the chart displayed a glimpse of hope with upward trend formations. According to Egrag, the spiking movement on the chart would catapult VeChain (VET) to the first price target, which is $0.11642.

The VeChain (VET) potential ascent to the $0.11642 price mark would imply a surge of about 289.4% from its current price prices.

As indicated on the price chart, the potential timeline for the first price target appears to be 2024.

Intriguingly, Egrag’s price projection for VET’s second and third price targets exceeded the coin’s ATH. Also, they were projected to happen between the years 2024 and 2025. 

The second price target was pegged at $1.05737, which implies a surge of about 3,436.4% from the coin’s current price and a spike of approximately 277.63% from its ATH. 

The third price target was placed at the $2.3 price mark, implying increments of about 7,592% from VET’s current prices and a 721% surge from its ATH.

Read Also: Expert Projects VeChain (VET) to Lead $18 Trillion Logistics Market with Its Topnotch Innovations

Previous Prediction On Conditions For Potential VeChain (VET) Bull Run

This is not the first time Egrag has waded into the VET price debate. In one of his previous price analyses, the crypto expert highlighted what would most likely play out before a potential VeChain rally.

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According to the analyst, VET must close above the $0.035 level for a confirmed bullish trend. He relayed this bold assertion, citing a significant finding in the form of the 21-week Exponential Moving Average (EMA) touching on a cross with the 55-week Moving Average (MA) at the critical price level of $0.035.

Meanwhile, VET is currently ranked the 38th largest cryptocurrency, with a market cap of $2,178,330,489 and a trading volume of $54,186,311.


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Chinedu Agbakwusi
Chinedu Agbakwusi
Chinedu Agbakwusi is a medical student at the prestigious Nnamdi Azikiwe University with sound knowledge of the crypto space. I am here to be a reliable plug for well-researched crypto content ranging from crypto news to market analyses and blockchain inventions.
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