VeChain (VET) Trends on Google: Is This a Sign of Growing Investor Interest?
- VET broke out of a descending channel, indicating a potential shift in market sentiment.
- VeChain’s market cap surges, reflecting increasing investor confidence and interest.
- Google Search for #VeChain is up 92% in the past week, hitting peak interest again.
VeChain (VET), the enterprise blockchain platform, experienced a remarkable 35% surge, with its market cap growing daily, reflecting increasing investor confidence and interest.
Confirming its bullish momentum, the token recently broke out of a descending channel formation on a daily timeframe. This technical pattern, marked by downward-sloping trendlines in the 1-day chart, had restricted VET’s price movement for an extended period.
Source: TheCryptoCity
This bullish breakout indicates a potential shift in market sentiment and could pave the way for a significant upward move.
Traders and investors are now closely watching VET’s performance as it nears the upper trendline of the former descending channel, which now serves as a key resistance level near the $0.0300 mark. A successful retest and subsequent breakout of this resistance could spark a substantial rally, potentially doubling VET’s pr…
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