VeChain Price Rose 60% in Dec and Surpassed YTD High; What Next?

VeChain Price Rose 60% in Dec and Surpassed YTD High; What Next?

1
VeChain coin price showed a steep rise and rose approximately 60% in December 2023.
2
VET price hits Year-till-date high and positive momentum is still intact.
3
It witnessed a massive surge in the buying volume and positively impacted the price.
VeChain price prediction is highly bullish for the next few months and suggests bulls may lead the rally. It showed a steep rally and rose approximately 60% in December, which rewarded the short-term bulls and existing long-term investors. 
VET price formed a strong base near $0.02000 and slowly began to rise by forming higher high candles. At the same time, the rapid increase in the buying volume is also visible. It shows the participation of big players who had injected the money and expected an outperformance. 
The 50-day and 200-day EMAs are pointing upward, which confirms the uptrend. However, the price had rallied a lot and gone far away from the EMA. So, it looks mildly overbought and

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