VeChain (VET) at Critical Juncture: Will It Break Out to $0.07 or Face a Pullback?
VeChain (VET) is currently trading in a narrow range between $0.0244 and $0.0252 after a recent rally, leaving traders uncertain about its next move. The sideways price action indicates either consolidation before another upward push or a potential reversal.
Technical indicators remain neutral. The MACD shows flattening momentum, while the RSI sits at 59.55—neither overbought nor oversold. A decisive breakout above $0.0255 could drive VET toward $0.0270, but a drop below the $0.0240 support level may test the 50-day moving average at $0.0227.
Market participants are watching closely as VeChain approaches a pivotal moment. The cryptocurrency's ability to maintain its recent gains will determine whether it revisits higher price levels or faces profit-taking pressure.
