The VeChain price pumped 12% today again and is now trading around $0.055. Altcoin Sherpa shared a bullish outlook on VET with his 240k followers on X.
Looking at VeChain’s price action against USDT on the daily timeframe, we can see a period of consolidation following its previous parabolic run. After experiencing a retracement, VET has shown signs of recovery and strength. The chart reveals significant support levels around $0.02999 and $0.03320, with the latter previously acting as resistance before becoming support.
The volume analysis shows notable buying interest, particularly during the early December rally. Current trading volumes are moderate but showing signs of increase during this consolidation phase, suggesting potential accumulation by larger players.
$VET: I'm charting a bunch of old good looking coins and this one looks strong imo. Consolidation for the next run; think you could just buy spot around here and wait on it. pic.twitter.com/ISb4TbdOp3
— Altcoin Sherpa (@AltcoinSherpa) January 16, 2025
What’s particularly interesting is the formation of higher lows in the recent price action, typically a bullish signal that could precede a breakout. The key resistance zone lies between $0.06500 and $0.08500, where VET faced rejection during its previous rally.
Altcoin Sherpa’s tweet suggests strong conviction in VeChain’s current market position. The veteran trader sees VET’s setup as particularly compelling for long-term holders, recommending spot buying rather than leveraged positions in the $0.04500-$0.05000 range.
His analysis aligns with the technical indicators showing significant accumulation at these levels. Sherpa advocates for a lower-risk approach to capitalizing on VET’s potential breakout. The use of terms like “strong” and “wait on it” indicates his belief that while the current consolidation phase might require patience, it’s building a solid foundation for future price appreciation.
Read also: How Much Could 250,000 VeChain (VET) Tokens Be Worth in 2025?
AI Price Prediction: VET’s Future Value at Bitcoin $200K
When we asked AI to analyze VET’s potential price movement in correlation with Bitcoin reaching $200,000, it provided three distinct scenarios based on historical price relationships between BTC and altcoins.
In a pessimistic scenario, where VET underperforms during the Bitcoin rally, we might see VET rise by only 48% to reach $0.0814. This would value a 30,000 VET holding at $2,442. This scenario assumes limited interest in the altcoin market despite Bitcoin’s strength.
A more realistic projection suggests VET could outperform Bitcoin by 1.5x, as typically seen during bull markets. This would push VET’s price to $0.1342, making 30,000 tokens worth $4,026.
In an optimistic scenario, where retail enthusiasm drives significant altcoin gains, VET could surge by 3x Bitcoin’s growth rate. This would result in a price of $0.2134 per token, valuing 30,000 VET at $6,402.
Source: https://chatgpt.com/
These projections are based on VET’s current price of $0.055 and Bitcoin’s price of $102,000, considering Bitcoin’s target of $200,000 represents approximately a 96% increase from current levels.
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