VeChain (VET) is back in the spotlight thanks to a bullish technical pattern highlighted by respected chart analyst @ChartMonkeyBTC.
“VeChain, Pick Your Own All-Time High. Looks promising for 2026 with a potential mid-May breakout.” – ChartMonkeyBTC
Rising Channel Suggests Bullish Continuation
Since bottoming out in June 2023, VET has steadily moved within a well-defined rising channel. This bullish structure reflects strong upward momentum, setting the stage for a potential breakout by May 2026.
The pattern has seen VET achieve higher highs and higher lows, often a precursor to sustained rallies. If the current trend holds, a challenge of the all-time high seems realistic.
Key Support & Resistance Zones to Watch
- Support: Lower channel trendline, currently acting as a springboard for rebounds.
- Resistance: Upper channel trendline, a breakout above this level could ignite a rally.
Traders and investors should monitor these levels closely. A confirmed breakout could mark the beginning of a major upside move for VET.
What Makes 2026 Stand Out?
VeChain continues to strengthen its position as a leader in blockchain-based supply chain management. As global enterprise adoption grows and crypto markets mature, VeChain is well-positioned to benefit from the broader altcoin momentum expected in the coming cycle.
According to market watchers, 2026 could mirror previous macro bull cycles, with VeChain potentially joining the list of top-performing assets.
FAQ
Q: What is the current trend for VeChain?
A: VeChain is trading within a bullish rising channel that started in June 2023.
Q: Can VET break its previous all-time high?
A: Yes, if the rising channel remains intact and market conditions align, a breakout in mid-2026 could push VET to new highs.
Q: What would invalidate the bullish scenario?
A: A sustained break below the lower trendline of the channel would challenge the current bullish setup.
Conclusion
While no prediction is ever guaranteed in crypto, VeChain’s technical chart paints a promising picture. The rising channel pattern combined with increasing long-term adoption signals that VET may be gearing up for a significant breakout by mid-2026.
Traders, investors, and VeChain believers—keep your eyes on the charts. The next major move could be just around the corner.
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