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- The monthly chart of VET highlighted a classic Cup & Handle pattern, a formation often associated with bullish momentum.
- If the index shifts toward “extreme greed,” it may coincide with VET surpassing the $0.16515 mid-term target.
VeChain [VET] has captured market attention with its potential breakout from a bullish “Cup & Handle” formation. This pattern typically indicates strong upward momentum, often signaling the start of a rally.
With long-term targets reaching $0.44240, $VET appears well-positioned for significant growth in the coming years.
Cup & Handle pattern
The monthly chart of $VET highlighted a classic Cup & Handle pattern, a formation often associated with bullish momentum.
This pattern arises after a prolonged decline, with the “cup” forming a rounded bottom and the “handle” signifying a short consolidation phase before a breakout.
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