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VET Analysts say VET is facing a final barrier before rising sharply
As Bitcoin (BTC) and Ethereum (ETH) prices continue to fluctuate sideways, the cryptocurrency community is holding its breath. Currently, BTC is trying to break through the US$82,500 barrier in order to start the next round of gains, setting US$88,000 as the next target. At the same time, once ETH exceeds $2,550, its price is expected to hit the $3,000 mark. For altcoins, some analysts pointed out that VET is undergoing its final test before a major rebound.
VET faces last barrier before a major rebound
Although the movements of BTC and ETH show a slow horizontal consolidation, the overall market still shows solid positive signals. At present, well-known analysts have opened a large number of positions in pioneer cryptocurrency and altcoin assets, waiting for the next round of rising prices to push asset prices to a higher bullish target. By then, it will only be a matter of time before these two asset types move into higher price ranges or even set a new historical high price (ATH).
Right now, the market focus is on whether ETH can effectively break through the resistance level of US$2,550. Many experts believe this breakthrough will push ETH prices towards the bull market target of $3,000. Once that target is reached, ETH prices will return to their previous historical high range. As past patterns have shown, the rise in ETH prices will often drive other potential altcoins to strengthen simultaneously, especially ERC-20 tokens.
Is the altcoin VeChain finally starting to rebound?
Currently, multiple Layer-1 tokens, including ETH, show strong bullish momentum indicators. For example, Layer-1 tokens such as NEAR, SUI and VET show multiple bullish signals on their respective price charts. In addition, the prices of some altcoins have begun to show signs of rising.
It can be seen from relevant developments that this well-known person in the cryptocurrency field focused on analyzing the rebound trend of VeChain. The accompanying chart shows the price chart action of the asset, indicating the possible next trend. Analysts pointed out that prices have gone out of three bands since their June lows, which means that the current rise is still a "correction dressed in the guise of recovery." Therefore, the price target of $0.0059 has extremely high reference value.
In contrast, another well-known analyst pointed out that VeChain is approaching the upper trajectory of the downtrend channel on the weekly chart. Therefore, the expert concluded that with the implementation of code-less AI agents, full EVM compatibility and real-world business applications, this blockchain is quietly becoming the cornerstone of the "intelligent economy." Finally, he shared the bullish target prices that VET may hit in this bull market cycle, which are US$0.008, US$0.015, US$0.034, US$0.067 and US$0.16 respectively.
