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VeChain Price Likely to Hit 250 Sats If Resistance Break Happens: Major Analyst

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Wed, 07/15/2020 - 13:28
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Yuri Molchan
Prominent analyst Michael van de Poppe expects VET to again retest the 210-212-satoshi resistance and achieve a significant price surge if it succeeds
VeChain Price Likely to Hit 250 Sats If Resistance Break Happens: Major Analyst
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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.

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.

"Crypto Michael" also pointed out that the crucial levels to maintain are 180-190 satoshis.

VET

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.