According to CryptoPotato, VeChain's native cryptocurrency, VET, has seen a 13% increase in the past week, currently priced around $0.04. Analysts predict further gains, with some even forecasting a substantial 2,400% surge to $1.
Analyst Clifton Fx anticipates a 25% rise to $0.06 soon, based on technical patterns. The analyst pointed out that VET's 'bullish flag' in the daily timeframe indicates a potential rally in the coming days.
Another industry participant, World of Charts, argued that the asset has surpassed several resistance zones, such as the 'multi-year descending trendline and horizontal resistance accumulation area.' They believe that VET could reach approximately $0.22 this summer.
The most optimistic forecast was presented by a crypto trader known as Flash, who predicted a massive 2,400% price increase towards the $1 milestone. However, it's important to note that these predictions are speculative and depend on various market factors.