A mirror image from 2020-2021 would put a new all-time high for VETUSDT (Vechain) around mid-May 2026. Starts late ends late, right?
This is a great chart. Vechain hit bottom June 2023 and has been consolidating within a rising channel. A rising channel as in higher highs and higher lows. Now, this is bullish but still not a bull market but bullish consolidation.
Consolidation can happens in three different ways:
1) Purely sideways. When the action happens within a range.
2) Bearish consolidation. When consolidation produces lower highs and lower lows.
3) Bullish consolidation. As we see here, with higher highs and higher lows.
Now, this is bullish but still only part of the transition period. Bull market action is what you see on the left between March 2020 and April 2021. Notice the huge difference.
Some other projects have been producing lower lows but this isn't a bear market more like bearish consolidation. We are about to enter the bull market phase. And this phase tends to end in a bull run.
If the same pattern from 2020-2021 repeats, we can see a new all-time high in May 2026. I have four new ATH projections on this chart, pick your own.
Thank you for reading.
Namaste.