VeThor Token (VTHO) Price Skyrockets 300% After Upbit Listing, Could Still Soar

The VeThor Token price skyrocketed 300% in the last 24 hours to trade at $0.008430 as of 02:41 a.m. EST on trading volume that surged 86K% to $3.3 billion.

The VeThor Token (VTHO) price soared nearly 300% in the last 24 hours to trade at $0.008430 as of 02:41 a.m. EST on trading volume that surged 86K% to $3.3 billion.

This comes after the largest cryptocurrency exchange Upbit announced the listing of VeThor Token on January 21, which drove a sharp surge in the token’s trading activity.

신규 디지털 자산 비토르토큰(VTHO) 거래지원 안내

✅ 지원 마켓: KRW, USDT 마켓📅 KRW 마켓 거래지원 개시 시점: 2025-01-21 20:00 예정📅 USDT 마켓 거래지원 개시 시점: 2025-01-21 21:00 예정

🔗공지 바로가기:https://t.co/JKF6YxMNBb#Upbit #VTHO@vechainofficial pic.twitter.com/pG1xYTdbhd

— Upbit Korea (@Official_Upbit) January 21, 2024

The VTHO price analysis on the 1-hour timeframe reveals a significant breakout from a prolonged period of consolidation.

The VeThor Token price was trading within a narrow range for most of the chart, hugging the 50-day Simple Moving Average (SMA) line, which was just slightly above the 200-day SMA.

This suggests the market was previously indecisive, lacking clear direction.

However, a sharp and dramatic surge occurred recently, pushing the price of VTHO from approximately $0.0055 to $0.0090, representing a near-parabolic movement, according to data from GeckoTerminal.

The price of VeThor Token retraced slightly after the surge but appears to be consolidating above the $0.008430 level, forming a potential bullish flag or pennant pattern. This could indicate that the asset is preparing for another upward leg if the consolidation resolves to the upside.

Meanwhile, the Relative Strength Index (RSI) stands at 67.07, nearing overbought territory (above 70). While this indicates strong bullish momentum, it also suggests that the asset could face resistance or a pullback if the RSI becomes overextended.

The Moving Average Convergence Divergence (MACD) line (blue) is above the signal line (orange), and the histogram shows positive momentum. Although the gap between the two lines is narrowing slightly, the overall trend remains bullish as the MACD values are positive.

Given the bullish indicators and the recent breakout, the VTHO price appears to be in an uptrend.

If the current consolidation resolves upwards, the VeThor price could retest the recent high at $0.0090 and potentially push towards $0.0100 or higher.

However, traders should remain cautious as the RSI is approaching overbought levels, which might result in short-term resistance or a minor correction.

A pullback to the $0.0075-$0.0080 range would still be healthy and maintain the bullish structure.

As the VeThor price skyrockets, investors are FOMO buying into a meme coin called Flockerz (FLOCK), which is ending its presale in just hours.

According to 99Bitcoins, a popular crypto channel on YouTube with over 720K subscribers, FLOCK has the potential to soar 100X after its launch.

Flockerz ICO Races Toward $13 Million—Only Hours LeftThe Flockerz presale continues to build momentum, surpassing $12.3 million in funds raised with just hours remaining before the ICO concludes. Degens are rushing to buy FLOCK before it’s too late, adding close to $1 million in the last 24 hours.

Flockerz is a community-controlled meme coin that has a unique Vote-to-Earn (V2E) incentive mechanism. V2E puts the power back in the hands of the community, allowing token holders to vote on key decisions and get rewarded for the effort in FLOCK tokens. 

Through this mechanism that Flockerz pioneers, decentralization takes a step further and paves the way for how meme coin projects may evolve in the coming years.

If you ain't got $FLOCK then there's no shot you're making it in Flocktopia 📈 pic.twitter.com/mSnZ8qgwhP

— Flockerz (@FlockerzToken) January 20, 2025

In this way, FLOCK holders have a say in critical decisions such as protocol changes, budget allocations