VeChain made headings after reaching a new all-time high of $0.106 in the previous couple of hours. Although a spike in profit-taking appears impending, VET has more room to go up.
VeChain Targets Higher Highs
A brand-new Twitter survey carried out by Real Vision asked cryptocurrency lovers whether Hedera Hashgraph, Ravencoin, or VeChain was the most undervalued altcoin in the market.
Roughly 66% of more than 140,000 respondents believe that VET has not realized its upside possible despite its network energy.
Although the supply management token has published a whooping year-to-date return of over 460%, market individuals believe there’s more room for development.
📊 Follow up Poll 📊$HBAR & &$RVN were too close to call. As such, both will go up against the single most popular reaction to this post –– $VET.
Here we go 🚀
Which of these do you believe is the most underestimated asset in #crypto today?
—– Real Vision (@RealVision) March 31, 2021
Following the bullish sentiment, VET just recently broke out of a balanced triangle that developed on its 4-hour chart for the past two weeks.
The abrupt growth allowed VET to rise to a new all-time high of $0.106. Even though some financiers might benefit from the recent cost action to book earnings, this technical pattern recommends additional gains on the horizon.