Top crypto analyst Michaël van de Poppe has shared a bullish outlook on VeChain ($VET).
He believes that this asset will be a breakout in a few months, and has set a price goal of $0.12 for the future.
Double Bottom Structure with Strong Fundamental Indicators
Then, you can get in touch with us. 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. The analyst believes that the current price of $VET is an excellent sign for accumulating the position. This token’s value has fallen by over 70% within the last six 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. Double-bottom structures are often seen as strong signals of reversal, particularly when they’re accompanied by rising volumes and positive sentiment changes.
Van de Poppe emphasized that VeChain continued to grow through the bear markets. VeChain launched its much-anticipated Stargate protocol upgrade on July 1. The protocol’s continuous development, coupled with lower token inflation, and increased rewards for users, is creating an incredibly positive environment. “flywheel” effect. Flywheel rewards users for increasing usage by increasing their retention. The $VET will most likely gain from this.
Fibonacci Suggests $0.12 Target – But Not Overnight
The analyst’s bullish prediction was based on an extension Fibonacci pattern. The analyst noted that the $VET token reached its highest level at 1.618 Fibonacci when it had last experienced a major rally.
Van de Poppe thinks VeChain could reach $0.12 if it repeats its historical trend. The asset would have risen by more than 350% from its current $0.027 price.
While technicals indicate a firm base, this chart does not suggest an imminent surge. The 69-week-arrow suggests a multi-month consolidation period before any potential breakout.
The current RSI value of 41 on the chart suggests mildly to neutrally oversold condition. Van de Poppe believes that the combination of current volume and neutral to rising RSI will lead to a gradual upward trend for $VET long-term holders.
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Source: thecryptobasic.com
