Prominent crypto market watcher Michaël van de Poppe has issued a bullish signal on VeChain (VET), hinting at a massive price breakout in the near future.
Both the positive technical chart and the development within the project are the source of analyst optimism.
VeChain has been a prominent player in recent weeks. took A major step has been taken as Hayabusa’s upgrade was approved by all stakeholder groups, possibly leading to an improved staking system and tokenomics. This update reduces inflation and increases rewards to active participants. It creates a sustainable system which could appeal to long-term investors.
Van de Poppe pointed VeChain’s continued success is largely due to its improvements. “deliver in 2025,” The project is in a growth phase.
VET Bullish Technicals
On the technical side, VET has been consolidating in the $0.024–$0.025 range after correcting more than 70% over the past six months from a high near $0.08. Van de Poppe stated that this huge retracement has now created favorable accumulation zones before the next “big” rally.
Chart shows double bottom structure. This suggests that buyers are positioning. The breakout of the resistance level near $0.03 may lead to an expansion.
The 400% upside is Possible
Van de Poppe says that previous VeChain rallies have peaked at the Fibonacci extension of 1.618, which is a technical level Van de Poppe uses to take profits. The analyst believes that if history repeats itself, a rise to $0.12 could be a possible target for the next bullish cycle.
Van de Poppe said that, like in the past, an explosive breakout was looming. “accumulating here is definitely on my radar.”
Investors would see a 400% increase in their investment if VET were to move from its current $0.02431 level to $0.12. Although the increase is significant, VET would remain below its previous high price of $0.2782. This was established four years earlier.
VeChain’s price is currently 91% lower than its previous peak. Van de Poppe calls this a “mispricing”, especially when you take into account the project’s developmental progress An alternative token that is valued relative to its native coin.
VeChain Hayabusa Upgrade: More Details
Hayabusa, which was recently approved, is the next significant step in VeChain evolution after the Galactica upgrade. VeChainThor’s network will undergo two important changes.
- This transition is from Proof of Authority to Delegated Proof of Stake. It encourages decentralization, community involvement and greater participation.
- It is time to move away from static VTHO Rewards to align incentives, and make VET an asset that is more utilitarian.
The changes allow for safe, compliant and secure stakes.
This shows a high level of community support. Van de Poppe, for example, suggests that these new developments provide yet another reason why VET is important beyond technical improvements.
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Source: thecryptobasic.com
