VeChain (VET) Maintains $0.03 Support After Renaissance Upgrade and OrionOne Partnership

VeChain's VET token shows resilience at the $0.03 support level despite minor 24-hour declines, with neutral RSI readings hinting at potential upside. This stability follows two key ecosystem developments: the successful mainnet launch of the Renaissance upgrade and a strategic logistics partnership with OrionOne.

The Renaissance upgrade, deployed on July 22 after months of development, introduces the Galactica protocol and enhanced tokenomics—a technical leap strengthening VeChain's enterprise adoption potential. The OrionOne collaboration, announced July 20, accelerates real-world logistics applications, providing fundamental support for current prices.

Markets are methodically processing these developments, as VET's 55.4 RSI indicates balanced conditions. These dual catalysts position VeChain for sustained institutional interest as its upgraded network capabilities mature.