Crypto analyst EGRAG CRYPTO has revealed a bullish technical setup for VeChain (VET), claiming a potential breakout scenario that could send prices soaring as high as $2.
In a post initially reserved for subscribers, the analyst said the current chart structure is too compelling to keep private, sharing it as a “bonus” for the XRP community, which reportedly holds a strong overlap with VET holders.
According to EGRAG, the first bullish signal to watch is a full candle close above the 21-day EMA, now sitting at approximately $0.027. If achieved, this could signal early strength in the trend.
The more significant trigger lies in a confirmed close above the upper boundary of a symmetrical triangle formation, particularly at the $0.06 level. This level coincides with the 0.5 Fibonacci retracement—often seen as a major pivot for momentum.
“The double tap on the yellow trend line shows extreme bullishness,” the post stated, pointing out that as long as VeChain stays above that ascending support, momentum remains on the bulls’ side.
The projected price target comes from a measured move of the symmetrical triangle pattern. If VET breaks out in line with this setup, the upside could reach between $1.80 and $2, aligning with the 1.618 Fibonacci extension.
Timing may also play a critical role. The pattern’s 75% completion point lines up with February 2026, suggesting the move might not materialize until then—though the analyst admits that’s speculative.
EGRAG concluded the post with a reminder that while the technicals are strong, confirmation is key and the risk of a “dead cat bounce” still exists if key levels fail.
VeChain (VET) continues to trade under close watch by technical traders, particularly those in the XRP community who may benefit from this shared insight.
Editorial Team
Reporter at Coindoo
Source: https://coindoo.com/market/vechain-analyst-predicts-hidden-breakout-opportunity-targets-as-high-as-2/