VeChain (VET) Hits Rock Bottom—UFC’s Dana White Touts Crypto Play Amid Market Slump
VeChain’s token VET scrapes multi-year lows as the broader crypto market bleeds out—but an unlikely cheerleader just stepped into the ring. UFC boss Dana White’s cryptic endorsement sparks speculation among bag-holders and traders alike.
From Octagon to Blockchain
White’s vague tweet (’VET = sleeping giant?’) sends the VeChain community into a frenzy. Never mind that his last ’investment tip’ involved a pyramid scheme disguised as an energy drink.
Bottom Feeders Circle
Technical charts show VET hovering near 2023 levels, with liquidity thinning faster than a hedge fund’s patience during a bear market. ’Historically, this is where VeChain pumps,’ claims one anonymous Crypto Twitter analyst between meme posts.
The Punchline
Whether White’s comment moves markets or not, one truth remains: in crypto, even a celebrity whisper can outweigh a 50-page fundamental analysis—until the SEC subpoena arrives.
https://t.co/mADzWJ90KT
— VeChain (@vechainofficial) April 23, 2025
This metric of Development activity only adds more fuel to the fire. And a person might ask: Is VeChain really at the bottom. Well, let’s take a look at the charts.
VET Crypto Analysis: Supported By Nobel People And Celebrities
(VETUSDT)
Starting this analysis with a 1W timeframe for the most amount of context we can gather. Two things are clearly visible. One is we’ve come down from ATH in 2022 to range, eventually start a new uptrend and make two new highs in 2024. Indicates buyer interest. Second – price bounced off from 2024 support level, indicating potential bottom at the $0.02 level.
(VETUSDT)
To add more context, I’m adding a chart with earlier price history that shows a similar bottoming process in 2019-2020 as in 2024-2025. Back then, there was more selling pressure, and this time around, we’re seeing more buying pressure.
(VETUSDT)
On the 1D chart, the price has reclaimed the MA50. RSI index formed a bullish divergence right at that bounce off the support line. Now it has entered the bullish upper half of the metrics. Another piece of information we can gather is the previous support, now turned resistance. That is to be seen, as it has not been tested as such until now.
Closing Thoughts on VET USDT and 4H Timeframe Insights
(VETUSDT)
On the 4H chart, we can see that price has dropped more than 50% since the start of the year. This year’s high has not been visited yet, either. Price is above all 3 MAs—a great start to a new uptrend defined by the higher highs and lower lows from this month. RSI here seems to have hit the top. However, there are times, as in the beginning of the chart, when it reversed a little and then stayed very high while price kept growing.
With Dana White and Nobel Laureate, as well as high developer activity, VeChain is pushing onwards with more strength. Combined with such price action, it could be a great risk:return opportunity.
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VET Crypto Advised by Dana White: Price Touches Bottom
- 2024 support level at $0.02 holding
- RSI looks toppy on 4H timeframe
- Potential bottom forming
- Next targets to reach are $0.04 and $0.05
