Can VET Hold the $0.02 Support Level?

According to analysts, this implies that bearish sentiments currently dominate the market. Meanwhile, trends could change overnight based on historical data. In this case, a decisive move above the $0.022 level could see the asset reach the $0.031 level. A continuous decline could also see VET falling to $0.017.

Analysts Speak on VET

Among the several analysts who have frequently spoken on VET, Egrag Crypto has been one of the most consistent. As highlighted in our previous news brief, he believes that the asset could hit $1 in the long run. At the time of that report, the analyst hinted that the asset was entering the third wave of the Elliott Wave Structure. To validate this estimation, VET is expected to first secure the $0.1 level as discussed earlier.

I‘ve applied the cloning technique to a previous cycle’s blue arrow pattern, and the current price action suggests that VET may be gearing up for some exciting moves…VET Triple Bottom: Cloning Pattern ($1.6). The pattern indicates a potential rise to 0.115c.

Later, Egrag Crypto also predicted that VET could continue to $2.5 as detailed in our last news piece. Basically, this explosive run could be fueled by the many jaw-dropping developments, including its dominance in the Real World Assets (RWA) sector. As mentioned in our recent publication, it has even earned a spot among the top five RWA integrations.

VeChain has also translated its sustainability practices to real life by recently organizing a cleaning exercise in Japan, as indicated in our earlier discussion.