VeChain (VET) has recovered its bullish momentum.
The supply chain crypto gained 134% within three weeks.
Analysts are watching out for VET’s milestones.
VeChain (VET) has regained bullish momentum following a 134% price increase over the past three weeks, spurred by a broader crypto market resurgence after Donald Trump’s U.S. presidential election win. TradingView data highlights VET’s recovery from a prolonged bear trend that wiped out 90% of its value over the past three and a half years.
During the 2021 bull run, VeChain reached an all-time high of $0.28, marking a staggering 10,500% gain. However, the cryptocurrency lost most of its value during the extended bear market.
Although VET declined massively, its downtrend pattern left marks, highlighting significant levels that could influence the altcoin’s recovery pattern whenever the bull market returns. Hence, crypto analysts foresee a trend in the VET rejuvenation and potential recovery.
VET’s monthly chart highlights notable resistance around the $0.055 price region, which technical analysts consider an initial target for the cryptocurrency. Breaking …
The post VeChain Surges 134% in 3 Weeks, Setting Sights on Key Price Milestones Ahead appeared first on Coin Edition.
