VeChain is poised for a significant price surge that could see it surpass its previous all-time high of $0.2, according to experts. An analyst has also identified a cloning pattern that suggests VET could reach $1.6. VeChain has gained attention for its groundbreaking initiatives, which have unlocked new use cases in various industries. Despite its impressive ecosystem growth, the price of VET remains undervalued compared to other assets. Currently, VET is down 9% in the last 30 days but has seen a year-to-date growth of 22%, trading at $0.04470 with a market cap of $3.2 billion. Analysts believe that the asset is on the verge of a bullish breakout after forming a reversal weekly pattern. The asset has consistently demonstrated higher highs and higher lows, indicating its long-term potential. From a technical perspective, the next major liquidity zone for VET is expected to be between $0.064 and $0.088, aligned with the 1.618 and 2.618 weekly Fibonacci Extension. In addition to the Bitcoin halving, which could trigger a new altseason, VeChain’s strategic partnerships and adoption of its products by multinational companies like BMW, Walmart China, and AT&T could drive the price to new all-time highs. VeChain’s recent launch of its tokenization platform, MaaS, has also contributed to its growth, with MotoGP champions Gresini Racing becoming its first enterprise user. In light of these real-world use cases, an analyst known as EGRAG CRYPTO has identified a cloning pattern that could propel VET to $1.6, representing a surge of over 3710% from its current price.
