Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Hedera and VeChain Signal Bullish Breakouts in Altcoin Rally

Hedera and VeChain Signal Bullish Breakouts in Altcoin Rally

CryptotaleCryptotale2024/11/18 03:20
By:Chris Murithi
Hedera and VeChain Signal Bullish Breakouts in Altcoin Rally image 0
  • Hedera (HBAR) breaks out of a symmetrical triangle, targeting $1 with strong momentum.  
  • VeChain (VET) nears key resistance, signaling potential breakout during the altcoin season.  
  • HBAR and VET attract attention as trading volumes surge amid bullish chart patterns.  

Hedera (HBAR) and VeChain (VET) are gaining attention as technical charts indicate possible breakouts. Analysts expect these altcoins to perform strongly in the ongoing alt season. Posts from crypto analysts Captain Faibik and World of Charts highlight key patterns signaling potential bullish moves.

Captain Faibik shares that Hedera (HBAR) has shown an uptrend from a symmetrical triangle on the weekly chart. At press time, HBAR was trading at $0.1223, an increase of 40.82% in the last day with a market capitalization of $4.61 billion. The trading volume further increased to $1.19 billion within the last 24 hours, showing rising investor interest. Long-term target has been estimated to be $1.00 if the breakout continues.

The symmetrical triangle pattern suggests HBAR may enter a strong upward trend. Historically, this always results in an increased rally in case the breakout is affirmed. Support levels surrounding the $0.09 level have continued to provide adequate support for further upward trajectory in the market. The price momentum in HBAR has subsequently attracted more trading volume supporting its bullish outlook.

VeChain (VET) is also showing bullish potential. World of Charts suggested that VET is approaching a key resistance zone. VET needs to clear this hurdle to spark a massive bullish wave. As at the time of writing, the price of VET was $0.03234 and the coin has risen by 7.26% in the last one day. Vet has a market cap of $2.62 billion. The trading volume has reached $85.32 million, an increase of 46.91% in the last 24 hours.

The chart analysis for VeChain shows a consolidating trend with potential for a breakout. Clearing the resistance zone would confirm a bullish reversal. If successful, VET could lead the altcoin rally during this alt season. Market participants are closely monitoring this level for confirmation of a breakout.

Both Hedera and VeChain are attracting attention as altcoins poised for significant moves. Hedera’s symmetrical triangle breakout and VeChain’s approach to key resistance highlight growing opportunities in the altcoin market. These patterns align with the broader market trend of increasing activity in altcoins during the current bullish phase.

The post Hedera and VeChain Signal Bullish Breakouts in Altcoin Rally appeared first on CryptoTale.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — KITE/USDT, MMT/USDT!

Bitget Announcement2025/11/07 01:55

STABLEUSDT now launched for pre-market futures trading

Bitget Announcement2025/11/06 15:11

CandyBomb x TRUST: Trade futures to share 200,000 TRUST!

Bitget Announcement2025/11/06 12:00

CandyBomb x TRUST: Trade to share 1,580,000 TRUST!

Bitget Announcement2025/11/05 10:00