Van de Poppe: VET Is Presenting Huge Opportunities Against USD
According to a leading crypto analyst and trader, Michaël van de Poppe, VeChain (VET) is coming closer to a price zone that could be a good level for entry.
Van de Poppe shared with his 556K followers on Twitter that VET is looking at some massive opportunities against USD.
VeChain is an L1 smart contract platform that aims to use distributed governance and Internet of Things (IoT) technologies to create an ecosystem which solves major data hurdles for multiple global industries from medical to energy, food & beverage to sustainability and SDG goals.
The analyst pointed out earlier this week that $0.075 would act as a “trigger” for VET – a level the asset has already bypassed.
At the time of writing, VET and is trading currently at $0.07856 up 7.9% on a 24-hour window.
Well, $VET is looking at some massive opportunities on the $USDT pair here.
Higher timeframe support beneath is a trigger, but also flipping $0.075 is a trigger.
VeChain is not only on van de Poppe’s radar. Last Friday, a fellow cryptocurrency analyst Justin Bennett noted that VET could rally 2x from the current level.
“As long as it’s above that $0.06 area, I’m still bullish on VET over the next year, and I think if we get above $0.10, that $0.103 cent area, then I do think we get that move back toward the $0.12 region, and potentially $0.15 and then some.”
Bennett also noted that if VET does take off this year, potential breakout areas could be as high as $0.38-$0.40. He said:
“That could be the objective if VET does break out of this pattern later this year.
Of course, it has a long way to go to do that.
But if it does break out, you’re probably looking at a target up around $0.40 for VET.”
