- Near Protocol and VeChain show signs of positive price action soon.
- A VeChain enthusiast believes VET price is bottoming.
- A Near Protocol analyst says NEAR price is on an upward trend spike.
As Bitcoin (BTC) and the crypto market wavers at lower highs and struggles to make it back up to the higher highs mark, many altcoins are printing bullish signals within their respective price charts.
To highlight, both Near Protocol (NEAR) and VeChain (VET) look like they’re ready to print massive bullish spikes. Specifically, a VeChain enthusiast observes a possibility of VET finally bottoming.
You guys think #vechain has finally bottomed?
I think there’s a good case for it.
Check out this analysis of the $vet chart where I explain why I think we’re at a turnaround point. pic.twitter.com/DNplIxyMvB
— Revolt Finance (@RevoltFinance) June 26, 2024
In detail, he walks us through a video that observes how VET price could have finally bottomed. He says as a long-term holder, he’s been waiting a long time for VET to moon. For now, he says VET is at a very obvious buy zone.
He says VET has just broken out of a long-term symmetrical triangle formation. Presently, VET is retesting this drop point once again. Once VET breaks out of the broken resistance as a support, another ascending trendline comes in to support this breakout.
He goes on to draw many more lines to support his theory and this observation is crucial as it could lead to a strong support for VET price breakout. He concludes by saying an inevitable upward trendline could break out for VET very soon. While, he says a slightly smaller dip is possible, it is more likely that support will come in for a breakout.
Similarly, crypto analysts notice that NEAR has completed its modification stage and is moving in an upward trend. In particular, NEAR price has broken the upward trend line and returned to the demand level of $4.9-$4.3.
Additionally, the analyst says that everything depends on the general trend of the market. Altcoins follow the fluctuations of Bitcoin. Regarding this currency, it seems that the correction process is over, and the price of NEAR can return to $8 soon.
