What Will it Take for VeChain to Reclaim $0.077?
VeChain eyes a comeback—but the path to $0.077 demands more than just hopium.
The Catalysts
Mainnet upgrades, enterprise adoption spikes, and a bullish macro cycle could fuel the rebound. Token burns and staking rewards might tighten supply, while partnership news—think Walmart or BMW—could jolt sentiment.
The Roadblocks
Regulatory headwinds, crypto winter extensions, and rival chains eating market share pose real threats. And let’s be real—another “supply chain solution” press release won’t cut it.
Timing the Jump
Traders watch BTC dominance and altseason signals. A break above key resistance with volume? That’s the trigger. Until then, it’s accumulation zone purgatory.
Bottom line: VET needs fundamentals—not just another crypto influencer screaming “BUY!”—to truly pump. Because in this game, hope isn’t a strategy; it’s a liability.
Source: CoinGecko
Price Prediction: When Will VeChain Hit $0.077?
VeChain’s (VET) current predicament is likely due to a market-wide downtrend. According to CoinGlass data, the crypto market has seen $438.65 million worth of liquidations in the last 24 hours. The market dip could be due to investors taking caution ahead of the Federal Reserve’s two-day meeting from Sept. 16-17. The meeting’s outcome will have a substantial impact on the US monetary policy. A dovish stance could trigger another bull run for the crypto market. Such a scenario could lead to VeChain (VET) reclaiming its December 2024 price levels.
There is a very high chance that the Federal Reserve will cut interest rates by 25 basis points after the next Federal Open Market Committee (FOMC) meeting. An interest rate cut often leads to investors taking on more risks. Such a development will greatly aid VeChain’s (VET) pursuit of the $0.077 price level.
However, inflation figures in the US have increased to 2.9% for August. Higher inflation numbers could lead to the Federal Reserve keeping interest rates unchanged. Such a scenario could lead to VeChain’s (VET) price falling further or consolidating around current levels.
CoinCodex analysts do not anticipate VeChain (VET) to hit the $0.077 mark anytime this year. The platform predicts VET to hit $0.032 on Nov. 4, before facing a correction.
