Analysis Shows that VeChain (VET) Could Surge by 18.97%

• VET bullish price prediction is $0.027.?????????????????????????????
• VET has gained 2.11% in the past 7 days
• Bearish VET price prediction is $0.021

VeChain (VET) ?is one of the cryptocurrencies with a recent bullish run in the top 40 cryptocurrencies in market capitalization. It is presently trading at $0.02313 and has gained 0.76% in the past 24 hours. Its trading volume within this duration is $48,970,800 which represents over 26% rise.

The analysis below shows that the price of VeChain (VET) could surge by over 18.97% soon.

VET/USDT 1day Chart Showing the Key Levels and MACD (Source: ?Tradingview)From the chart above, the VET MACD chart shows that the buying pressure is increasing. This could be seen by the rise in the trading volume by over 26% in the past 24 hours. Hence, the blue curve is above the red curve to indicate that the bulls are in charge.

Also, we can see that the downtrend line is within a critical key level which has resulted in recent price consolidation. The price range shows that the price of VeChain could hit above the $0.027 at the resistance1 level after a breakout. This will lead to a price surge of 18.97% from the current price.