A detailed review of VeChain (VET) based on its technical analysis on February 14th.
Reaching the price level of $0.70, investors could face a gain of 1,900% before the end of 2024, and this would be a welcome development. It draws parallels with VeChain’s price movements in 2021. But there is no guarantee that this will definitely happen.
In essence, price movements arise from the combined examination of supply and demand for a particular asset. VET reached an all-time high due to a significant bull move and significant market inflows in the crypto market.
Therefore, it is essential not to ignore the need to add a significant amount of liquidity to VeChain’s pool. However, only time can reveal what developments may occur in the project. DYOR $VET
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