VeChain (VET) has reached a 52-week high due to a significant price movement described as a "triangle break" in trading terms. This breakout signals a positive trend reversal in the price action, known as a bullish rally.
The price of VET has surged past the crucial $0.050 psychological barrier, indicating strong momentum and investor optimism. Analysts predict the potential to reach or even exceed the $0.18 mark in the near future if the current trend persists.
The breakout rally marks the start of a trend-reversal for VET, highlighting potential growth opportunities for investors. Whether VET can reclaim the $0.10 mark depends on continued momentum in the bullish rally.
