Altcoin VET is down 97% from ATH. Yet the asset shows 3,800% explosive upside potential. VET could be a promising altcoin asset to hold this cycle. The crypto community continues to be dazzle
The crypto community continues to be dazzled by the sudden turn in the crypto market. Presently, the price of BTC is trading at $79,000 while ETH is above $2,500, both these are bullish signs for the market and analysts are waiting to see them hit $84,000 and $3,000 targets, respectively. At the moment, altcoin VET is down 97% from ATH, yet the asset shows 3,800% explosive upside potential.
According to CoinMarketCap analytics, the price of VET is currently trading at the $0.0068 price range, showing that the asset is up by over 5% over the last 24 hours. What’s more, the asset is up by over 31% in the last 7 days and over 53% over the last 30 days. Still, the asset is down by over 72% over the last year and is still over 97% away from its previous ATH, meaning the asset did not break its previous ATH in the latest bull cycle.
https://twitter.com/CryptoPatel/status/2093013171573559362As we can see from the post above, this expert analyses exactly that, and the fact that VET is in a macro accumulation opportunity area that shows an upside potential of 3,800%. The expert says that VET has perfectly reacted from its HTF bullish order block and is now trading above a major macro accumulation zone. Thus, he concludes that after years of correction and consolidation, VET is approaching a potentially important structural inflection point.
In detail, the expert says that the current setup offers a clearly defined invalidation level with significantly larger upside potential if the macro breakout confirms. According to the ETH technical structure, the previous Cycle ATH was set at $0.2798, leading to a macro correction with a dip of 97% from ATH. The accumulation zone took place between $0.004950 - $0.003767 and VET has already shown a strong reaction from this HTF demand zone.
https://twitter.com/RAFAELA_RIGO_/status/2092631062220276207A sustained 2W close above $0.00813 would mean a major bullish breakout. This confirmation came over the last 2 weeks when VET price pumped over 70%. After such a sharp expansion, a 20-40% retracement would be structurally healthy before the next major leg higher. From the post above, we see another reputed crypto expert talk about the possibility of VET pulling a 5x to 11x price pump over the coming months or so.
