CandleFocus Expert Analyst Predicts 4,324% VeChain Rise to $1 After Hitting Key Channel Low
2024-10-17
Author: Content Editor
VeChain (VET) has dropped 2.5% over the past 24 hours, reaching a critical level that has historically triggered significant price increases. Analysts believe that VET is entering a "Turbo Trigger" phase that could lead to new highs. The analyst projects a potential price target of $1 for VET, which would represent a percentage increase of approximately 4,324%. While some suggest selling VET at intermediate levels and re-entering the market, the analyst advises holding a larger portion of the investment to potentially benefit from a continued price surge. This is not the first time VET has been predicted to reach higher levels, as it was previously suggested to enter a new impulsive wave based on Elliott Wave Theory. Currently, VET is trading at $0.0226, reflecting a 3.76% increase over the past week.
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