VET crypto has recently announced some bullish news – Dana White joins as new advisor. Dana joins an already epic party with Nobel Laureate Sir Konstantin Novoselov. Sunny Lu, CEO and Co-founder of VeChain said: “With Konstantin’s scientific genius and Dana’s strategic firepower, we’ve assembled a team that embodies our core philosophy: technological excellence meets practical, mass-market application.”
https://twitter.com/vechainofficial/status/1915135638225006952?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow
This metric of Development activity only adds more fuel to the fire. And a person might ask: Is VeChain really at the bottom. Well, let’s take a look at the charts.
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(VETUSDT)
Starting this analysis with a 1W timeframe for the most amount of context we can gather. Two things are clearly visible. One is we’ve come down from ATH in 2022 to range, eventually start a new uptrend and make two new highs in 2024. Indicates buyer interest. Second – price bounced off from 2024 support level, indicating potential bottom at the $0.02 level.
(VETUSDT)
To add more context, I’m adding a chart with earlier price history that shows a similar bottoming process in 2019-2020 as in 2024-2025. Back then, there was more selling pressure, and this time around, we’re seeing more buying pressure.
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(VETUSDT)
On the 1D chart, the price has reclaimed the MA50. RSI index formed a bullish divergence right at that bounce off the support line. Now it has entered the bullish upper half of the metrics. Another piece of information we can gather is the previous support, now turned resistance. That is to be seen, as it has not been tested as such until now.
(VETUSDT)
On the 4H chart, we can see that price has dropped more than 50% since the start of the year. This year’s high has not been visited yet, either. Price is above all 3 MAs—a great start to a new uptrend defined by the higher highs and lower lows from this month. RSI here seems to have hit the top. However, there are times, as in the beginning of the chart, when it reversed a little and then stayed very high while price kept growing.
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With Dana White and Nobel Laureate, as well as high developer activity, VeChain is pushing onwards with more strength. Combined with such price action, it could be a great risk:return opportunity.
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The post VET Crypto Advised by UFC Dana White: VeChain Price Touches Bottom appeared first on 99Bitcoins.
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