A new technical analysis from Egrag Crypto suggests two significant price targets for VeChain: $1 and possibly $2. The analysis is based on historical price patterns, Fibonacci retracement levels, and Elliott Wave Theory.
The focus is primarily on a potential five-wave impulse pattern. This pattern historically indicates substantial upward movements in asset prices, suggesting VeChain may reach these projected targets.
The full analysis provides in-depth insights into the technical factors driving these predictions, helping investors understand the potential future price action for VeChain.
