Can it be laid out? VET may usher in a critical summer

VET's recent price performance has not been ideal. Like many other large-cap altcoins, it has suffered a double-digit price drop in the past month.

According to the analysis of the monthly chart of VET price, a price rebound may be ushered in this summer, which may be crucial to its future performance.

This prediction is based on the returns of the historical price consolidation range. After reaching an all-time high in 2020, VET may now repeat a similar trend.

Although VET price recently surged to $0.04664 in February, it has been experiencing price adjustments since then, but it seems to have completed the resistance retest.

After retesting the upper limit of the channel at about $0.32, VET's price is expected to rebound this summer and is expected to experience potential explosive growth in the fall.

By December 2024, VET's price may reach $0.6, which will set a new all-time high and a massive surge of 1,600% from the current price.

Although VET's price has fallen slightly recently, it still remains among the top 50 largest cryptocurrencies with a market capitalization of over $2.5 billion.

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