VeChain (VET) has rebounded since early August, showing positive trends and accumulating investor interest. This article examines key price levels and future forecasts.
Current VeChain Trends
VeChain (VET) has sharply rebounded from early August lows, currently priced at $0.02503. The price is holding above the midline of a rising channel, confirming bullish sentiment in the market. Current support and resistance levels help define potential future price direction.
Technical Indicators and Forecast
On the daily chart, VET has reclaimed the Fibonacci 0.382 level, advancing towards the 0.5 level at $0.02696. The positive outlook is reinforced by the break of the July downtrend line and increasing accumulation inflows of $577.41K. In the next 24 hours, the crucial aspect will be whether the price can break through the resistance at $0.02566 for further upward movement.
Outlook for 2025-2030
The price forecast for VeChain suggests potential growth in the future. By 2025, the minimum price is expected to be around $0.02220, with the possibility to reach up to $0.02722. Expansion towards $0.03000 could occur in 2026 if $0.02600 becomes a strong support base. In subsequent years, price growth could see levels reaching $0.04500 by 2030.
VeChain's recovery since early August is supported by a rising channel, indicating hope for further growth. Monitoring key support and resistance levels will assist in determining future market actions.
