VET is positioned for significant moves, targeting key Fibonacci retracement levels.
Short-term targets suggest potential upward momentum based on Fibonacci analysis.
RSI and MACD indicate a consolidation phase with neutral market sentiment.
VeChain (VET) is poised for a potential price breakout. The cryptocurrency is currently trading at $0.02248, down 3.75% over the past 24 hours.
Historical data suggests VET could be entering a “Turbo Trigger” phase. Based on the previous cycle, VET could reach Fibonacci retracement levels of 1.236, 1.414, and 1.618, converging around $1.
#VET Turbo Trigger (65X Potential):
Channel 1’s low end is officially tagged, and now I’m fully confident that #VET is about to hit the Turbo Trigger just like in the previous cycle! 
For a more conservative approach, I’ve calculated the measured move from the last cycle… pic.twitter.com/lj6gE5ruJN
— EGRAG CRYPTO (@egragcrypto) October 17, 2024
For a more cautious perspective, the analyst identified potential short-term targets at Fibonacci levels of 0.702 ($0.11466), 0.382 ($0.04279), and 0.236 ($0.02729). The marked levels serve as possible price points in the event of upwa…
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