VeChain (VET) is showing positive developments after a successful breakout and strategic innovations. Analysis indicates that VeChain has broken above a long-term descending resistance line.
Technical Achievements of VeChain
According to a recent analysis by World Of Charts, VeChain has successfully broken above a long-term descending resistance line, creating a bullish technical setup. Currently, VET is trading at $0.02516, marking a 1.83% increase over the last 24 hours. Traders are closely watching for confirmation of a sustained breakout.
Ecosystem Expansion with Cross-Chain Bridge
A recent VeChain blog post revealed advancements in its ecosystem through the launch of its first cross-chain bridge, developed in partnership with Wanchain. The new bridge connects VeChainThor to over 40 major blockchains, including Ethereum, Bitcoin, Solana, and BNB Chain, supporting seamless transfers of VET, VTHO, and B3TR across various chains.
Success of the StarGate Staking Platform
The StarGate staking platform has gained popularity with over 7,300 Delegator Nodes created and more than $100 million in Total Value Locked (TVL). This early momentum reflects strong community participation and confidence in VeChain’s staking model.
With bullish chart patterns and growing ecosystem integration, VeChain is gaining attention in the crypto space. Significant technical achievements and community support suggest that VET could be poised for substantial growth in the weeks ahead.
