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- VeChain’s $VET hits 1.1 million holders showcasing rapid growth.
- Positive indicators drive VeChain’s upward momentum.
- Past performance suggests a potential mid-June rally.
Amidst VeChain‘s recent announcements, the enthusiasm around the project intensifies as its native asset, $VET, exhibits strong bullish indicators. Analysts delve into predictions and optimistic outlooks for VeChain’s future.
One avid VeChain supporter highlights a significant milestone, noting a rapid increase in holders. Within the last two months, VeChain attracted an additional 100,000 holders, reaching a remarkable total of 1.1 million.
in the last 2 months #Vechain has added another 100K holder making that a total of 1.1 million and increasing at a fast rate.#VeChain #vefam $VET $VTHO https://t.co/CKD3sBP1Fw pic.twitter.com/e9WXTDzdTr
— Low Cap Crypto (@mihai_crypto111) March 4, 2024
In tandem with this growth, another analyst outlines the potential for $VET to break critical resistance. The weekly timeframe reveals a successful breach of horizontal resistance, setting the stage for a significant upward move. The analyst sets a target of around $0.08 for the next surge, citing VeChain’s impressive recent performance.
Looking at the #Vechain weekly and historical data, here are somethings to ponder.
— Mike Stoffer (@mstoffer) March 4, 2024
Going back to the 2021 #Altseason, #$VET saw a 1680% surge over an 18 week period. Using the same metrics, I see a potential for .50 by mid June. 👀👇$VET #Vefam #$VTHO pic.twitter.com/aQi8pFIy4c
The ongoing bullish sentiment is encapsulated by a historical perspective. Reflecting on VeChain’s performance during the 2021 Altseason, where $VET experienced a remarkable 1680% surge over an 18-week period, analysts draw parallels to the current market dynamics. Using similar metrics, there is speculation of a potential surge to $0.50 by mid-June.
In essence, multiple analyses converge on a unanimous viewpoint—VeChain’s $VET is positioned for a bullish trajectory. With promising indicators and a growing community, the stage seems set for VeChain to witness another substantial surge in the near future. Investors and enthusiasts alike eagerly await the unfolding of VeChain’s next chapter.