VeChain has seen a surge in price, breaking the sell-off that had been affecting its value since mid-August. Although the price was rejected at the $0.0170 level, it is currently forming a bullish flag pattern that suggests a potential breakout to $0.01889. The token’s market capitalization has also increased by 6%, indicating positive market sentiment and increased trading activity. This can be attributed to VeChain’s recent announcement and Coinbase’s listing announcement. VeChain is also making strides in the smart city industry, integrating its systems into critical city living components. Additionally, VeChain has partnered with Reflexivity Research to conduct bi-monthly research on the blockchain’s ecosystem. These developments have sparked a bullish reaction among VET holders.
The VET price has formed a bullish flag pattern on the four-hour chart, pointing to a continuation of the uptrend. Breaking above the upper boundary of the flag could lead to a rise to the technical target at $0.0188, representing a 16% increase from the current price. Technical indicators such as the RSI and MACD support this positive outlook for VeChain. On the downside, if selling pressure increases, the price could drop below key support levels and extend the correction.
Aside from VeChain, Wall Street Memes (WSM) is another token that shows potential for good returns on investment. Inspired by Reddit’s WallStreetBets group, WSM has gained popularity during its presale period and raised over $25 million. The token is still available for purchase before listing, which is scheduled in 15 days. Those interested can buy WSM tokens with ETH, USDT, BNB, or a credit/debit card.
In conclusion, VeChain’s recent developments and positive market sentiment suggest a potential breakout for its price. Additionally, investors may consider exploring other tokens like Wall Street Memes for investment opportunities.
Sources:
– VeChain’s Announcement: [VeChain](https://twitter.com/vechainofficial/status/1437513507674637832)
– Coinbase’s Listing Announcement: [Coinbase](https://twitter.com/CoinbaseAssets/status/1437512205493152770)
– VeChain in the Smart City Industry: [Cheeky Crypto](https://twitter.com/CheekyCrypto/status/1437536922627138048)
– VeChain’s Partnership with Reflexivity Research: [VeChain](https://twitter.com/vechainofficial/status/1437515790051472896)
– Wall Street Memes Presale: [Wall Street Memes](https://wallstreetmemes.com/presale)
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