- The VeChain (VET) cryptocurrency displays a potential 25,000% upward movement while its Wave 3 structure strengthens.
- Verasity (VRA) experienced a 29% upward trend when it breached its vital weekly resistance indicator.
- Velodrome Finance (VELO) has maintained an uptrend currently holding above the crucial $0.01207 support level.
VeChain, a blockchain platform has recently stood out for its focus on real-world business applications. A newly surfaced technical breakdown by EGRAG CRYPTO has placed VeChain (VET) into the spotlight by revealing a potentially explosive Wave 3 within a macro Elliott Wave structure.
Wave 3 Heating Up: Is VET Ready to Break Out?
According to Egrag Crypto’s analysis, VET’s wave count indicates that it has completed a corrective Phase B and is now poised for Wave 3. This Wave indicates the completion of its corrective Phase B followed by potential activation of Wave 3. According to the chart, this wave may generate a move of up to 25,000% from current levels. The structure includes a measured ABC correction, ending near the lower channel boundary.
In addition to that, the analyst marked a 15,000% alternative pump target. A supplemental movement path exists to protect the analysis if the Wave 3 measurement proves delayed during the cycle. Thus, for this setup to trigger both EMA monthly position recovery along with broader wave confluence needs to be present.
Besides Wave 3, Egrag emphasizes that for VET to sustain its momentum, it must close three consecutive daily candles above the key level. If this level holds and buyers maintain control, the structure indicates a continued move toward the upper wave targets, with Targets 1, 2, and 3 positioned at progressively higher resistance levels.
Current Market Overview
At the time of writing, VET was trading at $0.02456 showing a modest decline of nearly 3.8% in the last 24 hours, according to data from CoinGecko. Over the past week, the coin has declined by 13.4%, reflecting short-term market pressure. Even so, VET maintains a strong presence with a market cap exceeding $2,11B and a total supply of 85.98B VET and FDV at $2.13B.
VRA and VELO Build Momentum Above Key Support
Currently, VRA is trading at $0.002899 with a price increase of 29.0% in the last 24 hours.Thus, Verasity ($VRA) is showing bullish momentum after breaking weekly resistance at $0.0025.
Velo on the other end has seen a 0.73% surge currently trading at $0.01237. The trend shows a pattern of higher highs confirming an uptrend. The ability to sustain above $0.01207 further strengthens the support level, making it difficult for bears to push the price lower.
VET, VRA, and VELO show strong technical setups, signaling potential growth as key levels hold and market momentum builds.
