Top Analyst Says VeChain Is a Top Pick in 2024, Forecasts VET to Rally to $1.14 By October

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Popular crypto analyst AJ asserts that VeChain (VET) is a top pick in 2024, projecting that the asset’s price could surge to $1.14 by October. 

Several crypto analysts have been highly bullish on VeChain (VET) in recent weeks, as they project that the coin would rank among the top performing cryptos in 2024. 

VET Could Surge to $1.14 By October 2024 

One of the analysts who share this sentiment is prominent expert and trader AJ. In a recent X post, AJ pointed out that VET flashed a crucial bullish signal on December 30, 2023. 

According to AJ, VET recently made a GOLDEN CROSS on the 2-Day chart for the first time since June 19, 2020. AJ noted that following the emergence of a GOLDEN CROSS on the VET 2-Day chart in June 2020, the crypto asset surged by a whopping 3,062% over the next 300 days. 

Interestingly, AJ speculated that if the same pattern repeats itself, VET price could spike to $1.14 by October 25, 2024. 

While AJ’s prediction looks enticing, it is imperative to note that past performance does not often guarantee future returns, given the massive volatility of the crypto market. 

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However, market experts consider the appearance of a golden cross on any asset’s charts to be a bullish signal. 

VET’s Crucial Support Level 

In the meantime, VET was down 6.6% over the past 24 hours to $0.029. The crypto asset is down 89.70% from its all-time high of $0.28, which was recorded on April 19, 2021. 

Yesterday, VET lost a crucial support level at $0.03. Reacting, popular crypto analyst Teshkid speculated that the asset could plunge further to around $0.024, which is the next major support. 

However, he projected that if VET breaks through the $0.03 support, it could rally to $0.035. 

Other Favorable VET Predictions 

Meanwhile, several crypto analysts have issued favorable predictions for VET in recent times. As reported earlier, popular YouTuber Ben Armstrong forecasted that VET has the potential to become a top 10 to 20 mover among the 100 crypto assets. 

However, he recommended that VET should not exceed more than 10% of an investor’s portfolio. Last month, renowned market analyst EGRAG speculated that $1.6 is a feasible price for VET.   

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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