VeChain (VET) – Bullish Market Analysis
Current Price: $0.030
Market Cap Rank: #43
Market Cap: ~$2.6 Billion
Overview: VeChain (VET) is currently in the undervalued zone as per the Bull Market Valuation Tool. Historically, entering during undervaluation phases has yielded significant returns (e.g., 800% rally from 1¢ to 8¢ in the past cycle). Based on macro trends and multiple confluences, VET is poised for a potential upward move.
Technical Analysis:
Support Zones: Strong support at $0.026; Local support at $0.017
Resistance Levels: Immediate resistance at $0.034; Breakout target resistance at $0.05
Bull Market Valuation: VET still resides in the 35-36% undervalued zone. Historically, such zones precede significant rallies
Altcoin Market Cap: Altcoins as a whole are very undervalued. Expect consolidation at $1.2T followed by push to $1.6T–$2.4T
USDT Dominance Falling: Suggests rotation of capital from stablecoins to crypto, confirming bullish momentum
Bitcoin Dominance Flat/Falling: Indicates potential Altcoin Season favoring VET and peers
Trade Setup:
Entry Zone: $0.027–$0.030 (current price range is good for accumulation)
Targets: T1: $0.034; T2: $0.050; T3 (Extended Bull Target): $0.080
Stop Loss: Conservative: $0.025; Aggressive: $0.022
Sentiment: Bullish
