Buy signals on VeChain and AI charts promise VET growth to $0.05
The VeChain token (VET) has been showing a decline in its trading performance for more than a week, since the beginning of the year it has amounted to almost 20%. The supply chain technology-based cryptocurrency has been on a steady downward trend since 2023 with minimal signs of recovery. However, this situation may offer investors the opportunity to “buy the dip.”
Buy signals were detected on both the 1-day and 3-day VET charts, as evidenced by the TD Sequential indicator. They imply a potential upward movement with the probability of one to four candles appearing, according to cryptocurrency expert Ali Martinez.
VET Price Analysis On the evening of January 22, VET was trading at $0.02723, having fallen 5.07% in the last 24 hours and having lost 10.74% in the previous week. Over the past 30 days, losses of the digital asset reached 22.35%.
According to the AI, VET should reach the $0.050 threshold in mid-May and even rise to the $0.10 mark in June. This would represent an impressive 84% growth from current levels.
