VeChain’s VET Breaks Key Resistance, Bullish Reversal in Sight

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-01 17:02:13

[TRADE_PLUGIN]VETUSDT,VETUSDT[/TRADE_PLUGIN] VeChain VET News -

VeChain’s native token VET has decisively broken through a five-month descending trendline, signaling a potential trend reversal. The breakout follows repeated tests of the upper boundary since December 2024, with the cryptocurrency finally clearing resistance in late April 2025.

Technical analysts identify a 73% upside target based on chart patterns and market structure. The move comes after consolidation between $0.0245 and $0.0270, with the breakout occurring just above these levels. Market observers are watching whether this technical development marks the beginning of a sustained upward trajectory.

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