BTCC / BTCC Square / Binance News /
VeChain (VET) Struggles at $0.03 on Binance Amid Bearish Technicals

VeChain (VET) Struggles at $0.03 on Binance Amid Bearish Technicals

Published:
2025-08-03 02:11:20
4
2

VeChain's VET token has faced bearish pressure, dropping 3.78% to $0.03 despite neutral RSI readings suggesting potential consolidation. The decline appears driven by technical factors, with no significant ecosystem developments reported recently. Binance spot markets recorded $13.1 million in VET trading volume, reflecting moderate interest as traders weigh mixed signals.

VeChain (VET) Faces Bearish Pressure at $0.03 Amid Mixed Technical Signals

VeChain's VET token dropped 3.78% to $0.03 as bearish momentum dominated trading, despite neutral Relative Strength Index (RSI) readings suggesting potential consolidation. The decline appears driven by technical factors rather than fundamental news, with no significant ecosystem developments reported in the past week.

Binance spot markets recorded $13.1 million in VET trading volume, reflecting moderate interest amid broader market weakness. The MACD histogram's negative divergence at -0.0003 signals growing bearish pressure, though the RSI's neutral 52.32 position leaves room for interpretation. Traders appear cautious as VET struggles below key moving averages, with the $0.03 level acting as stubborn resistance.

Binance Launches Discount Buy Feature for Major Cryptocurrencies

Binance has introduced a novel product called Discount Buy, enabling users to purchase cryptocurrencies below current market prices while earning APR rewards. The platform's latest offering targets major tokens like Bitcoin (BTC) and ethereum (ETH), among others, through a 'target buy' mechanism.

Subscribers can either secure assets at predetermined discount levels or receive yield-based compensation if price targets aren't met. This dual-option structure effectively creates a risk-mitigated entry point for accumulation, with fallback rewards acting as a safety net for unrealized discounts.

The product's architecture reflects Binance's continued innovation in derivative offerings, providing retail investors with institutional-grade tools for strategic accumulation. Market observers note such features could accelerate mainstream adoption by lowering psychological barriers to entry during volatile periods.

SquadSwap Emerges as Community-Driven DEX on BNB Chain Amid DeFi Growth

SquadSwap, a self-custody decentralized exchange (DEX), is carving a niche on BNB Chain with a community-first approach. Born from the frustrations of Pancake Squad NFT holders, the platform emphasizes transparency and user governance. Over 4,330 NFT holders and 1,350+ $SQUAD token holders guide its direction through on-chain voting.

The DeFi sector, projected to grow at a 53% CAGR through 2030, is ripe for innovation. SquadSwap's July 2025 UI launch aims to rival centralized exchanges (CEXs) with advanced trading features. Its mission—to empower traders without sacrificing decentralization—resonates as institutional interest in DeFi intensifies.

CEA Industries Opts for BNB in $500 Million Crypto Treasury Move, Sidestepping Bitcoin and Ethereum

Publicly traded consumer products firm CEA Industries is making a bold bet on BNB, the native token of Binance's ecosystem, allocating $500 million to crypto treasury holdings while bypassing market leaders Bitcoin and Ethereum. The decision reflects a calculated divergence from conventional institutional crypto strategies.

Incoming CEO David Namdar positions BNB as an overlooked asset with untapped potential, particularly among Western investors. "BNB hasn't been on the radar for many institutional players," Namdar observed, highlighting the token's stronger adoption in international markets compared to US capital markets.

The BNB Chain's technical evolution appears central to CEA's thesis. While originating as an Ethereum fork, the network has developed distinct infrastructure capabilities that Namdar believes merit reevaluation. The treasury move coincides with a 336% five-day surge in CEA's stock (VAPE), despite a minor pullback Tuesday.

ChatGPT Predicts BNB Bullish Cycle: Is $1K BNB Realistic?

BNB, the native token of Binance, has surged over 25% this month, breaking its previous all-time high of $794 and currently trading around $822. This rally mirrors broader altcoin momentum, with Ethereum, Solana, and XRP also posting significant gains. Analysts speculate institutional interest and Binance's dominance are key drivers, with $1,000-$2,000 price targets now in focus.

The token's performance reflects renewed confidence in centralized exchanges and crypto markets. Meanwhile, decentralized payments altcoin SUBBD Token ($SUBBD) emerges as a potential breakout candidate, though BNB remains the focal point of institutional speculation.

BNB Price Prediction August 2025 – Signs of Correction Ahead?

Binance Token (BNB) faces mounting selling pressure, with momentum indicators flashing overbought signals. The token's price structure, currently testing resistance in a rising channel, suggests a potential correction looms.

Futures premium data from Whaleportal reveals speculative activity reaching extreme levels, historically a precursor to pullbacks. While BNB's notorious for extended rallies, risk-reward dynamics now favor caution.

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users