{"id":504330,"date":"2022-09-29T18:59:29","date_gmt":"2022-09-29T18:59:29","guid":{"rendered":"https:\/\/ktsl888.com\/?p=504330"},"modified":"2022-09-29T18:59:29","modified_gmt":"2022-09-29T18:59:29","slug":"why-vechain-is-attractive-at-0-02-is-vet-aiming-for-a-big-move","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/why-vechain-is-attractive-at-0-02-is-vet-aiming-for-a-big-move\/","title":{"rendered":"Why VeChain Is Attractive At $0.02, Is VET Aiming For A Big Move?"},"content":{"rendered":"<p><strong>The crypto market successfully bounced from support with major cryptocurrencies recording profits over today\u2019s trading session, VeChain (VET) follows the general sentiment. The cryptocurrency has been able to preserve some of its gains from yesterday\u2019s session and seems poised for further highs. <\/strong><\/p>\n<div class=\"related-reading-shortcode\" style=\"text-align: center\"><strong>Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-sees-massive-decline-in-on-chain-activity\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Sees Massive Decline In On-Chain Activity<\/a><\/strong><\/div>\n<p>At the time of writing, VeChain (VET) trades at $0.023 with a 2% profit in the last 24 hours and a 5% profit over the past 7 days. In higher timeframes, the cryptocurrency records significant losses, but in the short term, this trend might be starting to reverse.<\/p>\n<figure id=\"attachment_504361\" aria-describedby=\"caption-attachment-504361\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-504361 size-large\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/09\/VeChain-VET-VETUSDT.png?resize=860%2C376\" alt=\"VeChain VET VETUSDT\" width=\"860\" height=\"376\"><figcaption id=\"caption-attachment-504361\" class=\"wp-caption-text\">VET&#8217;s price shows a positive reaction as the crypto market rebounds on the 4-hour chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/shP3M4Hj\/?symbol=BINANCE%3ABTCUSDT\" target=\"_blank\" rel=\"noopener nofollow\"><strong>VETUSDT Tradingview<\/strong><\/a><\/figcaption><\/figure>\n<h2><strong>VeChain Price About To Breakout?<\/strong><\/h2>\n<p>According to analyst Justin Bennett, the price of VeChain has been forming a falling wedge structure. This price pattern has been in the making since August 2022.<\/p>\n<p>At that time, VeChain saw an important rally after months of trading sideways between its current levels, and a high of around $0.03. In August, VET\u2019s price attempted to break out of this range but was rejected from those levels.<\/p>\n<p>This led the price to a massive decline and the formation of the falling wedge. As VeChain moves at the lows of its range, and with the crypto market bouncing from a critical support zone, VET\u2019s price might be ready to take off, as seen in the chart below.<\/p>\n<p>Per Bennett&#8217;s analysis, VeChain might grind higher and touch levels north of $0.03. At that time, bulls need to make a final push to confirm the breakout and reclaim the area around $0.04. Bennett said: \u201c$VET is starting to look attractive at this range low combined with the falling wedge since August.\u201d<\/p>\n<figure id=\"attachment_504362\" aria-describedby=\"caption-attachment-504362\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-504362 size-large\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/09\/VeChain-VET-VETUSDT.jpg?resize=860%2C496\" alt=\"VeChain VET VETUSDT\" width=\"860\" height=\"496\"><figcaption id=\"caption-attachment-504362\" class=\"wp-caption-text\">VET&#8217;s price ready to push to the top of this channel? Source: <a href=\"https:\/\/twitter.com\/JustinBennettFX\/status\/71784448\" target=\"_blank\" rel=\"noopener nofollow\"><strong>Justin Bennett via Twitter<\/strong><\/a><\/figcaption><\/figure>\n<h3>VeChain Price To Follow This Bitcoin Pattern<\/h3>\n<p>The fate of VeChain\u2019s price action, and the fate of a large portion of the crypto market, is tied to Bitcoin. The number one cryptocurrency by market cap has been leading the current rally as macroeconomic forces operate as headwinds to any bullish momentum.<\/p>\n<p>As NewsBTC reported yesterday, based on Bennett&#8217;s analysis, Bitcoin is also at the bottom of a major channel. As seen below, the cryptocurrency has been operating with $18,700 as a bottom and might be on the verge of reclaiming $26,000, the top of its current range.<\/p>\n<div class=\"related-reading-shortcode\" style=\"text-align: center\"><strong>Related Reading: <a href=\"https:\/\/ktsl888.com\/analysis\/polygon-matic-held-by-a-string-will-bears-cut-the-rope\/\" target=\"_blank\" rel=\"noopener \">Polygon (MATIC) Held By A String, Will Bears Cut The Rope?<\/a><\/strong><\/div>\n<p>After a period of consolidation, bulls could have enough ammunition to push the price into those levels, and take the liquidity created by short positions expecting further losses. As long as Bitcoin stays above $18,700, VeChain has a fighting chance.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Same <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> ascending channel.<\/p>\n<p>The price action is a mess, but that $18,700\/800 area has been solid since the 21st.<a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a> <a href=\"https:\/\/t.co\/ICHbqXXNf1\" rel=\"nofollow\">https:\/\/t.co\/ICHbqXXNf1<\/a> <a href=\"https:\/\/t.co\/stChhZ7EnW\" rel=\"nofollow\">pic.twitter.com\/stChhZ7EnW<\/a><\/p>\n<p>\u2014 Justin Bennett (@JustinBennettFX) <a href=\"https:\/\/twitter.com\/JustinBennettFX\/status\/71784448?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 29, 2022<\/a><span style=\"color: #333333\">\u00a0<\/span><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The crypto market successfully bounced from support with major cryptocurrencies recording profits over today\u2019s trading session, VeChain (VET) follows the general sentiment. The cryptocurrency has been able to preserve some of its gains from yesterday\u2019s session and seems poised for further highs. Related Reading: Bitcoin Sees Massive Decline In On-Chain Activity At the time of writing, VeChain (VET) trades at $0.023 with a 2% profit in the last 24 hours and a 5% profit over the past 7 days. In higher timeframes, the cryptocurrency records significant losses, but in the short term, this trend might be starting to reverse. VeChain Price About To Breakout? According to analyst Justin Bennett, the price of VeChain has been forming a falling wedge structure. This price pattern has been in the making since August 2022. At that time, VeChain saw an important rally after months of trading sideways between its current levels, and a high of around $0.03. In August, VET\u2019s price attempted to break out of this range but was rejected from those levels. This led the price to a massive decline and the formation of the falling wedge. As VeChain moves at the lows of its range, and with the crypto market bouncing from a critical support zone, VET\u2019s price might be ready to take off, as seen in the chart below. Per Bennett&#8217;s analysis, VeChain might grind higher and touch levels north of $0.03. At that time, bulls need to make a final push to confirm the breakout and reclaim the area around $0.04. Bennett said: \u201c$VET is starting to look attractive at this range low combined with the falling wedge since August.\u201d VeChain Price To Follow This Bitcoin Pattern The fate of VeChain\u2019s price action, and the fate of a large portion of the crypto market, is tied to Bitcoin. The number one cryptocurrency by market cap has been leading the current rally as macroeconomic forces operate as headwinds to any bullish momentum. As NewsBTC reported yesterday, based on Bennett&#8217;s analysis, Bitcoin is also at the bottom of a major channel. As seen below, the cryptocurrency has been operating with $18,700 as a bottom and might be on the verge of reclaiming $26,000, the top of its current range. Related Reading: Polygon (MATIC) Held By A String, Will Bears Cut The Rope? After a period of consolidation, bulls could have enough ammunition to push the price into those levels, and take the liquidity created by short positions expecting further losses. As long as Bitcoin stays above $18,700, VeChain has a fighting chance. Same $BTC ascending channel. The price action is a mess, but that $18,700\/800 area has been solid since the 21st.#Bitcoin https:\/\/t.co\/ICHbqXXNf1 pic.twitter.com\/stChhZ7EnW \u2014 Justin Bennett (@JustinBennettFX) September 29, 2022\u00a0<\/p>\n","protected":false},"author":535,"featured_media":460293,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[12882,12884,79505],"class_list":["post-504330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-vechain","tag-vet","tag-vetusdt"],"acf":[],"yoast_head":"\n<title>Why VeChain Is Attractive At $0.02, Is VET Aiming For A Big Move?<\/title>\n<meta name=\"description\" content=\"The crypto market successfully bounced from support with cryptocurrencies recording profits over today\u2019s trading session, VeChain follows.\" \/>\n<meta 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/ktsl888.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Why VeChain Is Attractive At $0.02, Is VET Aiming For A Big Move?","url":"http:\/\/ktsl888.com\/news\/why-vechain-is-attractive-at-0-02-is-vet-aiming-for-a-big-move\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/why-vechain-is-attractive-at-0-02-is-vet-aiming-for-a-big-move\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/04\/VeChain-VET2.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/04\/VeChain-VET2.jpg?fit=776%2C592"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["vechain","vet","vetusdt"],"dateCreated":"2022-09-29T18:59:29Z","datePublished":"2022-09-29T18:59:29Z","dateModified":"2022-09-29T18:59:29Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Why VeChain Is Attractive At $0.02, Is VET Aiming For A Big Move?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/why-vechain-is-attractive-at-0-02-is-vet-aiming-for-a-big-move\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/why-vechain-is-attractive-at-0-02-is-vet-aiming-for-a-big-move\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/VeChain-VET2.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/VeChain-VET2.jpg?fit=776%2C592\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"vechain\",\"vet\",\"vetusdt\"],\"dateCreated\":\"2022-09-29T18:59:29Z\",\"datePublished\":\"2022-09-29T18:59:29Z\",\"dateModified\":\"2022-09-29T18:59:29Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/04\/VeChain-VET2.jpg?fit=776%2C592","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/504330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=504330"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/504330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/460293"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=504330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=504330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=504330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}