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Friday

23 April 2021

Is VeChain on the cusp of a parabolic rally? This analyst responds

Is VeChain on the cusp of a parabolic rally? This analyst responds


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VeChain Foundation has made an update on the voting process that will conclude in a few days.

This VeVote is a very important process that will determine the future of VeChain for all stakeholders.

Looking at VET’s price action, VeChain Justin stated that the intraday chart has created a bull flag formation.

Comparing VET’s chart to Cardano’s native token, ADA, the trader stated that they are “too similar to ignore.” A year ago, ADA’s price was trading below $0.10 and, since then, it has had a bull-run with 3,804% gains reaching $1.21, at the time of publication

In its most recent report, VeChain Justin stated that the weekly time frames are approaching his target

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