VeChain is a blockchain platform designed for enterprise use cases, particularly in supply chain management.
The analyst behind the World of Charts page on X conducted a technical analysis of VeChain’s price by studying an 8-hour timeframe chart pattern. This shows that the overall performance of VeChain price prediction for 2025 looks promising, as we have just begun the first quarter of the year.
VeChain Price Prediction and Breakout Confirmation
This analysis of VeChain against Tether on an 8-hour timeframe reveals a falling wedge pattern, a formation that typically signals a bearish phase but can lead to a bullish reversal when broken upwards. The pattern shows VET price action within two converging trendlines, with the lower trendline sloping less steeply, hinting at a weakening downtrend. This setup has been crucial in the recent VeChain price movement.
The pivotal moment for VeChain investors was the breakout from this falling wedge consolidation. After breaking out, the VeChain price is expected to aim for a level that mirrors the height of the wedge from the breakout point. The chart confirms that the VET price has held above the wedge’s resistance, indicating a good trajectory when it comes to VeChain price prediction for 2025.
With the breakout, our VeChain price prediction targets a price of $0.10. This figure is derived from measuring the wedge’s widest point and projecting it from the breakout level. Given the current VeChain price of $0.05, this would be a doubling, supporting the optimistic VeChain price prediction for 2025.
At the time of analysis, VeChain was at $0.05, with a recent increase of 1.90%. This small rise post-breakout is indicative of the initial momentum that often follows such patterns, aligning with our VeChain price analysis.
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Looking forward, the VeChain price prediction for 2025 hinges on VET maintaining its position above the breakout level. Potential resistance levels around $0.06 to $0.07 should be monitored as they could either act as support for further gains or as temporary barriers in the path to reaching $0.10.
