VeChain's VET token is showing signs of a potential bullish reversal as the TD Sequential indicator flashed a buy signal near $0.01486, suggesting the market is entering an accumulation phase. Currently trading around $0.01549, VET has rebounded from a low of $0.01324 to $0.01725, with a 6.8% increase in the past 24 hours amid broader declines of 11.3% over the week and 36% over the month.
Rising network activity, including increased usage of the VTHO gas token and integration with Keyrock, points to growing adoption in logistics and supply chain sectors, particularly in Southeast Asia and China. Institutional involvement and partnerships with local governments are bolstering confidence in VeChain's utility for enterprise applications.
Technical analysis supports the optimistic outlook, with a stochastic RSI crossover indicating bullish momentum and key resistance levels near $0.017. Analysts like Brain2jene and World Of Charts highlight that a breakout above this level could target $0.030 or even $0.10402, representing a potential sevenfold increase from current prices. The token's consolidation between $0.018 and $0.013, combined with rising trading volume, suggests buyers are gradually accumulating positions for a strong rebound.
USDT
USDC
DAI
BTC
JPYC
ETH
KRWX
KRW1
LINEA
STRK
ARB
APT
SEI
LINK
MNT
INJ
XRP
ADA