VeChain (VET) Primed for $0.035 Breakout After 40% Surge – Here’s Why Traders Are Buzzing

VeChain’s native token VET isn’t just rallying—it’s bulldozing resistance with a 40% monthly gain. Supply chain crypto plays are back in vogue, and institutional money is sniffing around like a hedge fund at a free buffet.

Key Drivers Behind the Surge

Real-world adoption meets speculative frenzy. VeChain’s enterprise partnerships—always the project’s strong suit—are finally moving the price needle as traders chase ‘narrative alpha.’ Meanwhile, Bitcoin’s sideways action has altcoin degens rotating profits into high-beta plays.

The Technical Setup

That $0.035 target isn’t just hopium. The weekly chart shows a clean breakout from a 2-year accumulation zone—and you know what they say about ‘the longer the base, the higher in space.’ Just don’t remind anyone this was a $0.25 token during the last bull run.

Word to the Wise

Yes, VeChain’s fundamentals are stronger than your average shitcoin. No, that doesn’t guarantee sustainability when the Fed flips hawkish again. Trade accordingly—preferably with someone else’s money.

Why Is The Asset Dipping Today?

The crypto market experienced a rejuvenated bullish sentiment over the last few weeks. Bitcoin (BTC) and XRP hit new all-time highs. Other crypto assets followed the upward trajectory as well. VET was no stranger to the bullish party. The asset breached the $0.029 level for the first time since late May of this year.

The rally was likely due to BTC’s rise following increased institutional inflows. Crypto-based ETFs have led to a substantial rise in institutional interest. The development has caused significant bullish reversals for many assets.

VET’s recent rally was also likely due to the US House of Representatives passing the GENIUS, Clarity, and anti-CBDC acts and bills. The move was seen as a major milestone for the crypto industry in the US. We may see more regulatory clarity in the US regarding the crypto landscape.

Can VeChain Rise To $0.035?

VeChain (VET) has registered a 5.3% correction in the last 24 hours. Other assets have also seen price dips today. The market-wide dip is likely due to increased profit-taking following the recent surge.

VET may fail to hit the $0.035 mark if the profit-taking surge continues. However, VET’s RSI is hovering in the neutral zone. This means that the asset is neither oversold nor overbought. If bitcoin (BTC) continues its upward momentum, VET could follow suit. How the market behaves over the coming days is yet to be seen.