Prominent crypto market watcher Michaël van de Poppe has issued a bullish signal on VeChain (VET), hinting at a massive price breakout in the near future. The analyst’s optimism comes from both fundamental developments within the project and favorable technical structures on the chart.Notably, earlier this week, VeChain took a major step forward as the Hayabusa upgrade passed an all-stakeholder vote, potentially leading to a stronger staking and tokenomics framework. The update will reduce inflation while boosting rewards for active participants, creating a more sustainable system that could attract long-term investors.Van de Poppe pointed to these improvements as a major reason why VeChain continues to “deliver in 2025,” stressing that the project’s fundamentals are aligning for its next growth phase.VET Bullish TechnicalsOn the technical side, VET has been consolidating in the $0.024–$0.025 range after correcting more than 70% over the past six months from a high near $0.08. Van de Poppe noted that this massive retracement now offers favorable accumulation zones ahead of the next "big" rally.The chart shows a double-bottom structure, suggesting that buyers are positioning themselves. A breakout above the immediate resistance near $0.03 could lead to a fresh expansion leg.400% Upside Possible Previous rallies from VeChain have topped at the 1.618 Fibonacci extension, which Van de Poppe identifies as a common technical level for profit-taking. If history repeats, the analyst is eyeing a move toward $0.12 as a potential upside target in the upcoming bullish cycle.Van de Poppe noted that, as in previous years, a big breakout is looming, adding that “accumulating here is definitely on my radar.” Vechain (VET) chart by Michaël van de Poppe Notably, a move from VET’s current level of $0.02431 to $0.12 would represent a 400% gain for today’s investors. While significant, the token would still be trading below its all-time high of $0.2782, established over four years ago.At present, VeChain is trading a staggering 91% below its peak. Van de Poppe often refers to this as a mispricing, especially when considering the project's developmental progress relative to the value of its native token.Further Details on VeChain’s Hayabusa UpgradeMeanwhile, the recently passed Hayabusa proposal marks the next major milestone in VeChain’s evolution, following the Galactica upgrade. It introduces two critical changes for the VeChainThor network: A transition from Proof of Authority (PoA) to Delegated Proof of Stake (DPoS). This promotes greater decentralization and community participation. A shift from static VTHO rewards to a staking-based generation model, aligning incentives and making VET a more utility-driven asset.These changes expand participation beyond validators to all VET holders, enabling secure, compliant staking. Notably, the proposal passed with an overwhelming 98% approval, signaling strong community support. Commentators like Van de Poppe suggest these developments are yet another reason to be bullish on VET beyond just technical improvements.
