VET Holders Unimpressed With VeChain’s New Highs
![](https://beinchain.com/wp-content/uploads/2021/04/VeChain-New-Highs-cover-838x440-SjKlom-780x440.png)
VeChain made headlines after reaching a new all-time high of $0.106 in the past few hours. Even though a spike in profit-taking seems imminent, VET has more room to go up.
VeChain Targets Higher Highs
A new Twitter poll conducted by Real Vision asked cryptocurrency enthusiasts whether Hedera Hashgraph, Ravencoin, or VeChain was the most undervalued altcoin in the market.
Roughly 66% of more than 140,000 respondents believe that VET has not realized its upside potential despite its network utility.
Although the supply management token has posted a whooping year-to-date return of over 460%, market participants believe there’s more room for growth.
📊 Follow up Poll 📊$HBAR & $RVN were too close to call. As such, both will go up against the single most popular response to this post – $VET.
— Real Vision (@RealVision) March 31, 2021
Here we go 🚀
Which of these do you believe is the most undervalued asset in #crypto right now?
Following the bullish sentiment, VET recently broke out of a symmetrical triangle that developed on its 4-hour chart for the past two weeks.
The sudden upswing allowed VET to rise to a new all-time high of $0.106. Even though some investors could take advantage of the recent price action to book profits, this technical pattern suggests further gains on the horizon.
![VeChain US dollar price chart](https://static.cryptobriefing.com/wp-content/uploads/2021/04/05083312/download-5.png)
By measuring the height of the triangle’s y-axis and adding it to the breakout point at $0.095, it anticipates that VeChain is primed to rise another 6.30%.
Such a bullish projection puts VET’s market value at a new record high of $0.113.