VeChain Price Eyes $0.027 – Can the Bull Run Hold?
VeChain's momentum surges as it targets the $0.027 resistance level, sparking speculation among traders and long-term holders alike.
Technical Breakout or Temporary Spike?
The push toward $0.027 isn't just hype—it's backed by rising trading volume and strengthening network activity. VeChain's real-world utility continues to draw enterprise adoption, adding fundamental weight to the price action.
Market Sentiment Shifts in Favor
With the broader altcoin market showing signs of revival, VET is riding the wave. Its recent performance outpaces several large caps, suggesting growing confidence among investors tired of memecoins and vaporware projects.
Will It Hold or Fold?
While the climb looks promising, crypto has a funny way of humbling the overconfident. If VeChain clears $0.027, the next target could be quick—if not, well, even good projects sometimes take the stairs down just to keep things interesting.
VeChain price is trading at $0.02597 after a 4.08% daily gain and 10.39% weekly rise. It is gaining traction as supply-side constraints and institutional moves boost confidence. Its market cap has risen to $2.23 billion with trading volume spiking 201.67% to $152.3 million in mere 24 hours.
Wondering where the fuel came from? The rally stems from VeChain’s StarGate staking program, which has locked over 4.75 billion VET worth about $125M since July 1. And also distributing 5.48 billion VTHO as rewards. Additional credibility comes from VeChain’s custody partnership with BitGo and its integration into Franklin Templeton’s $780 million tokenized fund.
VET Price Analysis
VET price broke above its July downtrend on August 10, entering a rising price channel supported at $0.02480. The breakout triggered algorithmic buying and short squeezes, amplified by $577k in spot inflows in early August. Currently, traders are eyeing $0.02696, which is the 50% Fibonacci retracement level.
On the 4-hour chart, Bollinger Bands show price pressing the upper band NEAR $0.0269. This is while the RSI at 62 indicates bullish momentum but not yet extreme overbought conditions. That being said, a sustained close above $0.02696 could open the door to $0.028, while failure to hold above $0.02480 may trigger consolidation toward $0.02345.
The upcoming August 25 on-chain report on staking participation and VTHO burn will be critical. High participation and strong burn rates WOULD reinforce scarcity conditions, supporting higher prices. However, profit-taking near $0.027 remains a short-term risk as traders lock in recent gains.
FAQs
Why is VET price up today?The StarGate staking program has locked billions of VET, cutting liquid supply and driving algorithmic buying pressure.
2. What are the key levels to watch?Immediate resistance sits at $0.02696, with a breakout target of $0.028. Strong support is at $0.02480.
3. Is VeChain attracting institutional interest?Yes. Partnerships with BitGo for custody and Franklin Templeton’s tokenized fund have improved its credibility, particularly with ESG-focused investors.
