VeChain (VET) is generating a lot of interest in the cryptocurrency market and is expected to surge with strong price targets for 2025.
Projections suggest that strategic developments in the VeChain ecosystem, along with technological innovations and increasing market demand, could trigger price increases.
According to data from COINOTAG, “The rising Cup & Handle formation indicates that VeChain is ready for a significant rise,” was evaluated.
VeChain (VET) Has Bullish Potential for 2025
VeChain promises major growth in 2025. The bullish Cup & Handle formation and strong community support are among the factors behind this potential. The main price targets set for VET have also been clarified.
Cup & Handle Formation on VeChain Charts
The Cup & Handle formation observed on the monthly chart of VET is a striking technical signal and is generally considered a harbinger of a strong uptrend. This formation is characterized by a rounded bottom (cup) followed by a slight consolidation (handle) phase. This process is usually followed by a breakout. Historically, such formations have led to large price increases after long-term accumulation.
Currently, VET is trading at around $0.05074 and has broken the resistance level of the handle, offering potential opportunities for further upside moves. Analysts note that breaking the resistance levels is a critical stage for a sustained rally.
VeChain’s medium-term targets are as high as $0.11300 and $0.16515, while long-term projections are as high as $0.44240. Historical data shows that the breakout points of Cup & Handle formations usually coincide with increased market interest and trading volume.
The Impact of Social Dominance on VeChain’s Market Potential
Recently, VeChain’s social dominance has increased, reflecting the growing interest of the trading community. This increase supports the strong technical indicators on VET’s chart and provides a broader story of its use in supply chain management. Historically, increases in social dominance can attract new capital, leading to price rallies in alternative cryptocurrencies. Additionally, projects like VeBetterDAO and B3TR bounty programs have further reinforced investor interest, increasing VET’s long-term potential.
Excessive Fear & Greed Index Analysis for VET
Market sentiment plays a big role in cryptocurrency investment decisions, and the Extreme Fear & Greed Index is an important tool for understanding this psychology. Currently, the index is trending toward “neutral to slightly greed.” This signals cautious optimism among crypto investors. The current neutral market sentiment provides a suitable environment for assets like VET to move forward without experiencing excessive volatility. However, if the index rises to the “extreme greed” level, it could be associated with profit-taking before VET breaks through its $0.16515 target.
Open Positions: A Strong Indicator for Uptrend
In recent weeks, it has been observed that open interest in VET has increased. Especially as the price approaches the important resistance level of $0.05074, both retail and institutional investors have started to take active positions according to the expected price movements. This increase shows that investor interest in the market is strong and VET has the potential to make significant movements in the near term.