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- A renowned crypto analyst has hinted that VeChain (VET) is on the verge of starting one of the biggest bullish runs in years.
- Per his analysis, VET has reached its lowest point since 2019 and could soon enter its strongest wave (Wave 1) of the much-anticipated cycle.
Crypto analyst Alan Santana has made a bullish disclosure on VeChain (VET) after it became one of the most targeted assets among investors. Speaking to his thousands of X followers, Santana disclosed that the VET/BTC pair has reached its lowest price ever since September 2019. According to him, the trading pair was positioned around 340 satoshis (0.00000340) back in 2019 and it became the point of bullish reversal within the period.
Something amazing is happening here with Vechain, VETBTC. Right now this pair is trading at the lowest price ever, which is the lowest since September 2019, more than five years ago. The same price, back in 2019, around 340 satoshis (0.00000340), marked the end of a bearish wave and the start of a major bullish cycle. Every end is the start of something new.
Comparing the Previous Cycle and the Current One
Delving into this, Santana explained that the previous cycle was characterized by a series of three-wave structures. Based on the data, each wave was stronger than the previous one and took 595 days to complete the cycle. At the end of this phase, the asset recorded a staggering growth of 1,291% in its “journey” from the bottom to the top.
Supporting his thesis with a price chart, Santana pointed out that the cycle presented plenty of opportunities for traders to sell at the top of each wave and buy back at the bottom.
According to Santana, a similar scenario is on the verge of playing back as VET is setting off to enter Wave 1 of the bullish cycle (strong wave). Per his analysis, the bullish market could start and end in 2025. However, it can even enter 2026 since monetary policies are changing and crypto is becoming a globally accepted asset.
There is always the possibility of the unexpected happening and a super mega bullish cycle developing in accordance with the evolution of the human race, technology, and money. Just as the Internet changed the world, Cryptocurrency is changing money. Imagine a new uptrend that goes on and on and on just as it happened with the technology stocks.
Important Rules for VET Investors
Santana also highlighted that the bear market for VET/BTC lasted for 1,246 days, with 335 Satoshi becoming the bottom on September 16, 2024. According to him, investors can start accumulating to keep for the long term. For now, he believes that VET investors must keep these three main rules:
- Just wait if the price drops.
- Just wait if the price rises.
- Buy as much as your finances permit, that is the accumulation phase.
In another portion of his post, Santana advised investors to trim their positions and secure profits when the price nears an all-time high. According to him, 2025 would be the biggest bull market in years for VET. This coincides with our recent report that VET could soon make a 20% rebound to commence the “altseason”.
It will be the most amazing bull market the Cryptocurrency market has ever seen. It will be something for the record books because the market has never been this big before. The market has never been this big and this is the first time that Cryptocurrency is open and available to the whole world.
At press time, VET was trading at $0.022 after declining by 1.26% in the last 24 hours.
