VeChain’s VET Hits New Monthly High, Analyst Predicts Further Gains

• VET surged 25% over the past week, reaching a new monthly high of $0.03278.
• The token experienced a 60.76% rebound in less than two weeks of hitting a bottom,
• Analyst hopes for further gains for VET, with potential long-term targets between $0.31 and $1.

The cryptocurrency market is experiencing a renewed surge in bullish sentiment, with VeChain’s VET token emerging as one of the primary beneficiaries. Over the past week, VET has seen a significant 25% increase in value, reaching a new monthly high of $0.03278.

Notably, the token’s price had plummeted to a low of $0.02039 just 12 days prior, indicating a remarkable 60.76% rebound in less than two weeks. This impressive comeback has captured significant attention among enthusiasts and market watchers.

In a recent video, an analyst from the Cheeky Crypto channel posited that VET could be on the verge of a more significant price breakout. The analyst provided a comprehensive review of VET’s recent price patterns, structures, and potential future movements, painting a promising outlook for the token.

The analyst observed VET on the 1-day Binance chart, which shows a notable reversal starting from July 5, ma…

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