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VeChain (VET) Holds at $0.02 Support as Market Watches for Next Move
VeChain (VET) Holds at $0.02 Support as Market Watches for Next Move
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[TRADE_PLUGIN]VETUSDT,VETUSDT[/TRADE_PLUGIN]
VeChain VET News -
VeChain's VET token is testing the critical $0.02 support level, with a potential breakdown risking a drop toward $0.017. The token has seen a 23% monthly decline, signaling weakening bullish momentum as it remains trapped in a falling channel.
Traders are monitoring for either a decisive breakdown—which could negate recovery hopes—or an upward breakout above the descending trendline. Broader macroeconomic uncertainty adds to the technical bearish pressure, with Fibonacci levels indicating further downside potential following the rejection at $0.031.
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