Might VeChain (VET) Value Attain $1? Insights from a Famend Analyst!

• VET value stands out with a rise of greater than 20% within the final 24 hours.
• The famend analyst is pointing to the extent of $0.11640 for the VET token.
• Sustaining the 0.382 Fib is essential for the upward motion of VET value.

Widespread altcoin VeChain (VET), which has seen a rise of over 20% within the final 24 hours, resiliently maintains its place above $0.04 regardless of promoting stress on Bitcoin and cryptocurrencies. The VET token value has surged by over 80% within the final 7 days.

Now, the principle query is whether or not the VET token will rise additional. This query is addressed within the evaluation shared by EGRAG CRYPTO on X. The famend analyst EGRAG reiterated his predictions by analyzing the chart of the VET token. Based on the analyst, if the weekly candle closes above $0.04317 (Fibonacci 0.382 degree), the VET token will strengthen its place.

When the situation talked about by the analyst is met, he factors to the following goal on the Fibonacci 0.702 degree. The Fibonacci 0.702 degree corresponds to $0.11640. If the analyst’s goal is achieved, the VET token value will present a rise of roughly 140% from the present value.

EGRAG CRYPTO’s large VET value prediction signifies a perception that VET’s value might double or extra. Moreover, EGRAG emphasizes confidence in his predictions by including the next phrases: “Relaxation assured, our targets stay unchanged, and we’re progressing steadily towards reaching them, one step at a time.”

In an evaluation from December 14, 2023, EGRAG definitively acknowledged that the goal was $0.11640 after which listed targets as much as $2.30 for the VET value. The analyst confidently acknowledged that the VET token would attain these targets one after the other.

As of the time of writing, VeChain’s VET token is buying and selling at $0.0475 with a buying and selling quantity of over $920 million. The amount has seen a large improve of over 580% within the final 24 hours. With a market capitalization of $3.4 billion, VET firmly holds its place as one of many high 30 cryptocurrencies.

Based on Coinglass information, $2.45 million price of VET positions had been liquidated within the final 24 hours. Brief place liquidations accounted for $1.69 million of this quantity. Moreover, Open Curiosity (OI) surged by over 67% to succeed in $71.8 billion.