Cryptocurrency analyst Egrag Crypto picked out VeChain (VET) and XRP These are two crypto tokens that could soon witness significant price surges. The analyst also outlined the price targets that cryptocurrency investors can expect these tokens to achieve.
VeChain could rise to $2.5.
Looking at the chart that Egrag shared in his X (formerly Twitter) post, we can see that he is implying: VeChain It hit $2.50 at market highs. He also broke down the price action into three targets, detailing how he expects the cryptocurrency token to climb to those levels. The first target was the yellow channel he highlighted on the chart.
Source: X
VeChain is expected to rise up to $0.18 once this goal is fully achieved. Egrag noted that this would mark “the forging of MACRO-Bottom.” The second goal is cryptocurrency token It rises to almost $0.9. The analyst noted that this channel is “consistent with the Fib 0.702 and 0.786 levels,” forming what he calls a “Mid-Bull-Cycle.”
VeChain is expected to rise to $2.5 once the final target is met. Egrag said this target “is consistent with key Fib levels of 1.236, 1.414, 1.618, suggesting a potential cycle high for #VET.” This isn’t the first time. cryptocurrency analyst We presented an optimistic story for the VeChain token.
He said last February predicted If the price action is repeated from around 2021, when the cryptocurrency token rose 14.638%, we could witness a 140-fold price increase.
XRP is still on its way to $1.4.
Egrag provided a bullish analysis of XRP in a separate report. X post. He said the dual formation of cryptocurrency tokens was giving a “strong bullish signal.” He added that he was confident “momentum will come soon.” This latest analysis was an update to a previous analysis in which he predicted: XRP will rise to $1.4. soon.
Source: X
At the time, he was also convinced that this upward move was imminent. bull piled up All XRP tokens abandoned by bears. He urged XRP holders to “remain steady” in anticipation of the life-changing opportunities that could arise from the cryptocurrency token’s parabolic surge.
Egrag remains bullish on the XRP token despite unimpressive price action. he has predicted In some cases, cryptocurrency tokens can reach market highs of $27.
As of this writing, XRP is said to be trading around $0.54 over the past 24 hours. data From CoinMarketCap.
VET price at $0.04 | Source: VETUSDT on Tradingview.com
Featured image by Watcher Guru, Tradingview.com chart
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