VeChain (VET) Poised for Breakout as Bullish Momentum Builds Above Key Resistance
VeChain (VET) is displaying early bullish signals, currently trading at $0.02763 with potential upside toward $0.032. The token has cleared the Ichimoku Cloud—a key technical indicator for trend reversals—but faces resistance at the $0.02830 moving average.
Market sentiment remains cautious as buyers gauge strength. A confirmed close above $0.0283 could fuel a rally to $0.030–$0.032, while rejection may trigger a pullback to $0.0257. Technical indicators like the Chaikin Money FLOW (CMF) and MACD show tentative but growing buying pressure.