A Bullish Fractal Structure on VeChain (VET)
Despite the current weakness in the crypto market, the VeChain (VET) chart reveals a particularly interesting emerging fractal structure. This configuration closely resembles a bullish pattern recently observed on XRP, suggesting a potential significant rebound for VET.
An Enlightening Comparison with XRP
Examining the daily charts of XRP and VET, we can see a striking similarity. XRP recently completed the CD leg of a bearish “bat” harmonic pattern, finding its C point near the 0.618 Fibonacci support of the BA leg. This support zone then served as a springboard, allowing XRP to recover its 50-day moving average before initiating a rise of more than 90% toward point D.
Currently, VET appears to be following a similar path. The token is holding near the 0.618 Fibonacci support of its own BA leg and hovering around its 50-day moving average—exactly where XRP began its strong upward movement.
Bullish Outlook for VET
If VET manages to stay above its 50-day moving average and follow this fractal structure, it could confirm the potential for a second wave of increases. According to calculations, the token could then climb an additional 58% to reach the projected target of $0.036.
However, to maintain these optimistic prospects, VET must absolutely maintain the key support at the 0.618 Fibonacci level and point C at $0.02114. A break below these levels would call this bullish configuration into question.
Today, VET could break its bullish trendline and bounce on its short-term POC at 0.022. A quick rebound from this zone could be a good sign for what’s to come.
In summary, the technical analysis of VeChain (VET) reveals an emerging fractal structure very similar to that recently observed on XRP. If VET manages to follow this pattern, it could signal a significant rebound in the coming weeks, with an upside potential of 58%. Savvy investors should carefully monitor these key support levels to confirm or invalidate this bullish hypothesis.
How to Buy VET on Bitget ?
Why Choose Bitget for VET
- VET Access : VET/USDT and VET/EUR pairs available.
- Advanced tools : Charts, RSI, spot/futures trading for DCA.
- Flexible leverage : Up to 100x (5x recommended) with automated SL/TP.
- Competitive fees : 0.1% on spot.
- Easy deposits : Fiat (EUR, USD) or crypto (USDT).
- Security : 2FA, insurance fund.
- 24/7 Support : Alerts to monitor $0.02114 and $0.026.
Here’s how to buy VET on Bitget before its potential explosion of more than 58% in the coming days :
- Create a Bitget account : Sign up on the official Bitget website and complete KYC.
- Deposit funds : Add fiat (EUR, USD) via card/SEPA transfer or USDT.
- Access the VET market : Select VET/USDT or VET/EUR in the “Spot Trading” section.
- Place a buy order : Choose a market order to buy at the current price and indicate the desired amount.
