VeChain (VET) Gains Momentum with Bybit Listing and Bullish Technical Breakout

VeChain (VET) is making waves in the cryptocurrency market following its recent listing on Bybit and a bullish technical breakout. The digital asset has surged in trading volume and price, sparking optimism among investors. Here’s a detailed look at the developments driving VET’s upward trajectory.

VeChain (VET) Eyes 140% Surge After Bybit Listing and Bullish Breakout

VeChain (VET) has broken out of a falling wedge pattern, signaling a potential bullish reversal supported by increasing volume. The official listing of VET on the Bybit Spot trading platform has further amplified the momentum, boosting liquidity and exposure to new investors. Following the listing, VET saw a slight price uptick to $0.02365 with daily trading volume jumping to $177.32 million. The technical outlook points to a potential midterm rally toward $0.058, offering a 140% upside.

Bybit to Shut Down Major Web3 Portfolio Products by Mid-2025

Bybit has announced plans to discontinue several Web3 products and services, including the Cloud Wallet and Keyless Wallet, by May 31, 2025. The decision is part of the company’s shift in focus to optimize its offerings and strengthen areas more aligned with long-term growth in the on-chain ecosystem. Users are advised to take necessary actions early to avoid disruptions.