Top crypto analyst Michaël van de Poppe has shared a bullish outlook on VeChain ($VET).
He believes that this asset will be able to reach a price as high as $0.12 within the next six months.
Double Bottom Structure with strong Fundamental Indicators
It is a good idea to get in touch. X post todayvan de Poppe noted VeChain’s market structure and that it has returned to historical high levels of accumulation.
The chart pinpoints a $0.019–$0.028 range as a recurring support level, and $VET’s current $0.0275 places it firmly within this accumulation band. Analysts say that this represents a good opportunity to build a position, as $VET has corrected more than 70% over the past 6 months.
The chart further shows that VET has created two clear bottom formations over the past two years – first in mid-2023, and again in early 2025. The double bottom structure can be a powerful reversal sign, especially if it is coupled with positive sentiment and rising volume.
Van de Poppe emphasized that VeChain continued to grow through the bear markets. VeChain successfully released its highly anticipated protocol upgrade Stargate on July 1. The protocol’s continuous development, coupled with reduced token inflation and higher user rewards are creating an influx of users. “flywheel” effect. As usage increases, flywheel’s rewards increase as well, resulting in increased retention. The $VET will most likely gain from this.
Fibonacci Suggests $0.12 Target – But Not Overnight
In an interesting twist, the analyst based his bullish outlook on a Fibonacci expansion pattern. The analyst noted that the $VET token reached its highest level at the Fibonacci 1.618 during the last significant rally.
van de Poppe is confident that VeChain will reach $0.12 in the future if they repeat this historic price movement. The asset would have risen by more than 350% from its current $0.027 price.
While technicals may suggest a firm base, this chart doesn’t indicate an imminent surge. The 69-week-arrow suggests a multi-month consolidation period before any potential breakout.
The chart’s RSI at 41 indicates neutral or mildly oversold market conditions. Van de Poppe believes that the combination of current volume and RSI neutral to rising, along with van de Poppe’s long-term view, will lead to a gradual rise in $VET prices.
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Source: thecryptobasic.com
