based on materials from the site -
By 36crypto
Altcoins are attracting attention as buying momentum intensifies in the market, and VeChain is leading the way. Analyst Michael van de Poppe believes that the technical and fundamental indicators of the project suggest a potential breakthrough.
VeChain has been trading in the range of $0.02 to $0.03 since its drop in December to $0.075. Van de Poppe noted that repeated touches of the 200-day EMA and declining volatility are similar to conditions that often set the stage for powerful growth. He emphasized that each rally has lifted buyers to a higher level, forming a staircase pattern on the chart.
The price structure signals an increase in demand at key support levels, shifting cautious sentiment to optimistic. According to Fibonacci levels, the next target is $0.12, which is a significant step given the current prices.
Meanwhile, VeChain has strengthened its fundamentals. The introduction of Stargate staking has yielded up to 9% annual returns for early adopters, which should help increase token holding periods. The adjustment of token supply also reduces inflation, improving the long-term market situation.
VeChain has also taken a step towards expanding its influence by acquiring a MiCAR license, allowing it to enter traditional markets on a broader scale. A recent collaboration with Dana White has introduced the brand to a wider audience beyond the crypto industry, indicating its growing online presence.
Van de Poppe emphasized that the current market recovery differs from previous cycles. He added that VeChain has both a supported recovery and real growth, making its strategy more attractive. He also noted that staking rewards combined with price growth could further increase returns for dedicated investors.
Currently, VeChain is trading at $0.0236, with a market capitalization of $2.02 billion. Despite its value dropping nearly 10% over the week, analysts remain concerned about the prospect of a breakthrough, as factors favor the growth of altcoins.
The combination of bullish technical indicators and improving fundamental metrics has placed VeChain at the center of debates surrounding altcoins. Analysts suggest that if momentum continues, the token could be on the verge of noticeable growth.
