VeChain (VET) Climbs Toward Key Moving Average Resistance: Is a Breakout Ahead?

CoinMarketCap01-04

Date: Sat, Jan 04, 2025, 08:26 AM GMTThe cryptocurrency market is witnessing an optimistic start to the year as Bitcoin's (BTC) dominance falls below 57%, signaling a shift in market dynamics. Bitcoin...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2500104638?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-04 13:14","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2500104638","market":"us","top_or_hot":-1,"title":"VeChain (VET) Climbs Toward Key Moving Average Resistance: Is a Breakout Ahead?","media":"CoinMarketCap","content":"<div>\n<p>Date: Sat, Jan 04, 2025, 08:26 AM GMTThe cryptocurrency market is witnessing an optimistic start to the year as Bitcoin's (BTC) dominance falls below 57%, signaling a shift in market dynamics. Bitcoin...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/6778c3cedee8e5334dc17560/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VeChain (VET) Climbs Toward Key Moving Average Resistance: Is a Breakout Ahead?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVeChain (VET) Climbs Toward Key Moving Average Resistance: Is a Breakout Ahead?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-04 13:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/6778c3cedee8e5334dc17560/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Date: Sat, Jan 04, 2025, 08:26 AM GMTThe cryptocurrency market is witnessing an optimistic start to the year as Bitcoin's (BTC) dominance falls below 57%, signaling a shift in market dynamics. Bitcoin...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/6778c3cedee8e5334dc17560/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B7KXQ091.USD","symbol_name":"Janus Henderson Balanced A Inc USD","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/6778c3cedee8e5334dc17560/","article_id":"2500104638","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2500104638","pubTimestamp":1735967693,"columns":[],"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Date: Sat, Jan 04, 2025, 08:26 AM GMTThe cryptocurrency market is witnessing an optimistic start to the year as Bitcoin's (BTC) dominance falls below 57%, signaling a shift in market dynamics. Bitcoin","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU0971096721.USD":"富达环球金融服务 A","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","LU0985320562.USD":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","BK4535":"淡马锡持仓","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","LU1917777945.USD":"安联专题基金Cl AT Acc","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0094547139.USD":"abrdn SICAV I - GLOBAL SUSTAINABLE EQUITY FUND \"A\" (USD) ACC","LU0061474960.USD":"天利环球焦点基金AU Acc","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","LU1261432733.SGD":"Fidelity World A-ACC-SGD","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","VET":"朱砂能源","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","IE00BYQQ9H92.USD":"BNY MELLON GLOBAL LEADERS \"A\" (USD) ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY  \"A4\" (USD) INC","LU2720916845.USD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (USD) ACC","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","X":"美国钢铁","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","BTC":"Grayscale Bitcoin Mini Trust","BK4563":"昨日强势股","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","LU0823434740.USD":"BNP PARIBAS US GROWTH \"C\" (USD) INC","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","MA":"万事达"},"translate_title":"唯链(VET)攀升至关键移动平均线阻力位：突破即将到来吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"X":1,"BTC":1,"VET":1,"MA":1},"content_text":"Date: Sat, Jan 04, 2025, 08:26 AM GMTThe cryptocurrency market is witnessing an optimistic start to the year as Bitcoin's (BTC) dominance falls below 57%, signaling a shift in market dynamics. Bitcoin itself has seen a strong rebound from its December 31 low of $92,000, now trading near $98,000. This recovery has fueled upside momentum in altcoins, including VeChain (VET), an Internet of Things (IoT) token that previously experienced a steep correction after its November rally.VET's performance has seen its challenges, with the token posting a 25% decline in December. However, signs of a bullish recovery are emerging as VET gains an impressive 12% over the past week, hinting at the potential for further upside momentum.Source: CoinmarketcapTechnical Setup Suggests a Potential BreakoutA key technical setup on the 4-hour chart suggests that VeChain may be gearing up for a significant move. Prominent crypto analyst @JohncyCrypto highlights that VET has successfully broken out of a falling wedge pattern, a bullish formation often associated with impending price increases.Source: @JohncyCrypto (X)Currently, VET is trading around $0.052 with testing the 200-moving average (MA), a crucial resistance level on the 4-hour chart. This MA has acted as a barrier to upward momentum, but a confirmed breakout above this level could pave the way for further gains.Price Targets to WatchIf VeChain successfully clears the 200-MA, analysts are eyeing potential price targets of:$0.061$0.069$0.079These levels align with historical resistance zones and Fibonacci extensions, adding credibility to the targets.Bitcoin Dominance and Altcoin MomentumThe broader market is also playing a supportive role in VeChain's recovery. The decline in Bitcoin dominance to under 57% is creating room for altcoins to shine. With BTC consolidating near $98,000, altcoins like VET are likely to attract renewed investor attention as traders look for higher returns in the altcoin space.Conclusion: Is a Breakout Imminent?VeChain's technical setup and improving market conditions suggest that a breakout could be on the horizon. However, the confirmation of the breakout above the 200-MA is critical for further upside. Investors should watch these key resistance levels closely to assess the potential for continued bullish momentum in VET's price.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.Also Read: IoTeX (IOTX) Complete Retest Post-Major Breakout: Is A Rally On Horizon?","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2500104638"}