VeChain VET Price Exhibits an Upward Trend – Framework Continues to Indicate Optimistic Outlook
VeChain VET Price is gradually advancing upward at a slow but consistent pace. The team remains engaged in development, with recent updates emphasizing cross-chain interoperability. In essence, VET is now capable of being used across different distributed record networks. These ongoing enhancements are paving the way for increased valuations.
$VET Price surge it
pic.twitter.com/xUl0gNVHB6
— Scofield (@Crypto_Scofield) May 22, 2025
Scofield, who has 81,900 followers on X, including a number of other notable traders, is actively monitoring the chart and projecting uptrend expectations.
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If you haven’t reviewed last month’s article, please check it out for reference. Now, let’s analyze the chart together!
VeChain VET Price Developments: Recent Actions
(VETUSD)
Let’s kick off with insights from the Daily chart. At the end of April, the price approached the orange line for the second instance. Subsequently, the right shoulder of an inverse Head & Shoulders pattern has emerged, and the neckline was breached by a single daily candle, reaching $0.034—the level at the beginning of March. It’s a very precise level to level transition!
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(VETUSD)
On top of that, adding the Moving Averages to our chart provides insight into where the price might head next. The MA200 is currently positioned at $0.035, with the following price ceiling level located at $0.043. An ideal scenario for me would be for the price to break above the MA200, touch the $0.043 level, and then pull back to retest the MA200 before continuing toward our yearly high.
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(VETUSD)
Lastly, let’s examine the 4H timeframe. What I want to emphasize is the RSI and the crypto market structure. We are seeing a series of higher highs and higher lows, indicating that the trend is bullish. Furthermore, the RSI is declining from the upper levels. Hence, it might drop as low as 30 points before the next breakout.
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VeChain (VET) Price Is On The Rise – Structure Remains Uptrend
- Current crypto market structure displays bullish characteristics
- RSI appears to be peaking on the 4H timeframe
- The next probable target is 0.043
- Must surpass MA200 on 4H
The post VeChain VET Price In An Bullish – Structure Remains Uptrend first appeared on 99Bitcoins.
