- VeChain (VET) has been predicted to overturn the current bearish trend to stage an explosive surge that could position the price at $2.5.
- In a more realistic sense, multiple analysts have predicted that the asset could rotate within the range of $0.028993 and $0.090743 this year.
VeChain’s (VET) attempt to stage a rebound on the 24-hour price chart was rejected at the $0.033 level, forcing the asset to decline to $0.0301 at press time. However, its daily gain remains 5% up as $122 million floats around the market. Apart from this, the asset has recorded declines across the major trading periods as it fell by 3% in the last seven days, 36% in the last 30 days, 52% in the last 90 days, and 35% from year to date.
Speaking on the asset, analysts at CoinCodex have predicted that VET could rise by 52% to reach $0.04423 by March 28, 2025. Fascinatingly, this comes amidst the asset’s struggle to break away from the current bearish sentiment. As of February 27, 21 technical analysis indicators reportedly showed a bearish signal for VET. Meanwhile, six indicators showed a bullish trend, while 8 showed a neutral sentiment.
The bullish trend has been confirmed by analysts at DigitalCoinPrice, who also expect the price to rotate within the range of $0.0257 and $0.0629. On average, VET has been tipped to reach a yearly average price of $0.0598. Meanwhile, CoinCodex pegs the 2025 minimum price at $0.028993 while positioning the maximum price at $0.090743.
More on VeChain (VET) Price Analysis
Reviewing another thesis by Changelly’s analysts, we found that VET has been projected to move within the range of $0.0277 and $0.0407. Based on our observation, this appears consistent with the analysis of Ali Martinez which hinted that VET could surge by 23% to hit $0.039. Meanwhile, the price could decline in the short term based on macroeconomic factors.
In the long term, VET is expected to hit $0.18. However, a previous prediction by analyst Egrag Crypto positions the asset’s price at $2.5 as mentioned in our previous news brief.
Shedding more light on his prediction, Egrag Crypto disclosed that the $0.1 level would mark the forging of the “MACRO-Bottom.” From this level, the asset would target the $0.9 level. Fascinatingly, this is said to fall in line with the Fib 0.702 and 0.786 levels. According to him, this would start the formation of the “Mid-Bull-Cycle.”
Egrag Crypto has always been bullish on VET. In February 2024, he predicted that the asset would surge by 140x once it successfully mirrors the 2021 movement. Meanwhile, he also pointed out that the $1 target could be more realistic once it replicates the 2020 cycle. As explained in our last analysis, VET surged by 6,538% at that time to add $0.1988 to its price.
In December 2024, Egrag Crypto reiterated his position and hinted that the asset could surge by 3710% to hit $1.6. Meanwhile, we examined in our last update that his projection was based on the application of the “cloning technique” to the previous cycle’s blue arrow pattern indicated in the chart below.
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