VeChain (VET) at ‘Massively Strong Support’ as Analyst Eyes 300% Rally
Main Idea
VeChain (VET) is at a strong support level with potential for a 300% rally, driven by the new 'Stargate Staking' program and positive technical indicators.
Key Points
1. VeChain (VET) is trading at a historically strong accumulation zone, with valuation similar to last year's levels despite fundamental changes.
2. The 'Stargate Staking' program offers up to 9% APY for early adopters, aiming to reduce inflation and increase VET scarcity.
3. Analyst Michaël van de Poppe identifies a double bottom pattern on the weekly chart, targeting a 300% move to $0.12.
4. Technical indicators like RSI (74.82) and MACD suggest strong buyer dominance and potential for further price increases.
5. The price has broken above the upper Bollinger Band, indicating possible resistance near $0.032–0.035.
Description
Analyst Michaël van de Poppe says VET is holding at a massively strong historical support zone now. A new “Stargate Staking” program offers up to 9% APY and is designed to make the VET token scarce. Key technical indicators like the RSI and MACD are flashing strong bullish signals for a price reversal. VeChain (VET) is trading at a historically strong accumulation zone, as per analyst Michaël van de Poppe, who highlighted this fact in a social media post on X that VET is “holding onto massively ...
Latest News
- Rate Cuts Threaten Profits of Stablecoin Giants Tether and Circle2025-08-15 14:53:46
- FTX News: Next Distribution Set on 30th Sep After Today’s Record Date2025-08-15 13:26:30
- Cardano Approaches Breakout as $1 Resistance Faces Critical Test2025-08-15 09:49:12
- XRP (XRP) Price Prediction for August 162025-08-15 09:10:25
- Solana (SOL) Price Prediction for August 162025-08-15 09:10:08