Dutch-based analyst Michael van de Poppe (often referred to as "Crypto Michael") has posted a fresh VeChain (VET) technical analysis on Twitter, expecting VET to reach the 230- or even 250-satoshi level in the event of a successful resistance retest.
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VET targets 250 sats if it breaks out
The analyst has posted a VET/BTC chart, in which VET is about to test the resistance area between 210 and 212 satoshis, marked in red.
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It has been tested multiple times already, "Crypto Michael" said, but if another retest happens now, the coin is likely to break above it or go for new targets: 228-230 satoshis and 250-255 satoshis.
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"Crypto Michael" also pointed out that the crucial levels to maintain are 180-190 satoshis.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team