• VeChain’s Cup & Handle pattern suggests strong upward momentum and potential breakout in 2025.
• Rising Social Dominance indicates increasing investor interest and potential price rallies for VeChain.
• Greed & Fear Index shows neutral sentiment, supporting steady growth for VeChain in the near future.

VeChain—VET, has recently formed a bullish “Cup & Handle.” This pattern often signals upward momentum, suggesting VeChain could break out soon. As the price moves upward, key data points to a potential for significant growth in 2025.

Cup & Handle Pattern: Key to a Bullish Breakout

The monthly chart for VeChain shows a classic Cup & Handle pattern. This formation usually follows a long decline, forming a rounded “cup” shape. After that, a consolidation phase creates the “handle,” which leads to a breakout. At the time of writing, VeChain trades near $0.05074. The price recently broke past the handle’s resistance zone, suggesting more upside could follow. Mid-term targets for VeChain are $0.11300 and $0.16515.

Long-term predictions point to $0.44240, a strong indication of potential growth. The breakout from a Cup & Handle pattern typically aligns with a surge in volume and market interest. As VeChain catches more attention, institutional participation could drive prices even higher. If the price breaks through the $0.09604 resistance level, it could push toward the $0.14441 region. Traders should focus on volume spikes and RSI trends to confirm momentum.

Social Dominance & Greed/Fear Index: Supporting Data

VeChain’s Social Dominance is on the rise, reflecting more attention from traders and investors. Increased Social Dominance often signals upcoming price rallies. New initiatives like VeBetterDAO and B3TR rewards systems have helped boost VeChain’s visibility in both the crypto and real-world sectors.

If VeChain breaks past the $0.09604 resistance level, Social Dominance could grow, strengthening the price trend. As more people engage with VeChain, its community of holders and traders could expand, leading to price appreciation. The Greed & Fear Index shows “neutral to slight greed” in the market.

This balanced sentiment supports steady growth without drastic pullbacks. If the index moves toward “extreme greed,” caution may be necessary. However, if the sentiment remains steady, VeChain could reach its long-term target of $0.44240.

The post VeChain Bull Run: What Does the Latest Data Tell Us? appeared first on Crypto News Land.

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