VeChain

Rally

Bitcoin

Resistance

Gains

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The VET coin price witnessed a reversal and retested the resistance mark of $0.05000.</a> </li> 
 <li> <span>2</span> <a>Bulls are dominating the battle and willing to lift the coin to the $0.06000 mark.</a> </li> 
</ul> 
<p>The VeChain (VET) coin witnessed buying sentiments and has reaped strength, recuperating from the demand zone of $0.03000. The coin has zoomed over 70% in the last three weeks and is prepping for a breakout above the $0.06000 mark. The advancement in Bitcoin price activated the bullish ripple in the Vechain (VET) along with other altcoins. The coin has retained its potency and will likely initiate a rally soon.</p> 
<p>The VET price has escaped the key moving averages and is forming the higher high swings on the charts. The price action demonstrates the bull accumulation and a double-digit rise in the last weeks displays investor interest. If the VET price stabilizes above the $0.05000 mark, a sharp move toward $0.0600 can be anticipated soon. Per the Fib retracement levels, the coin has stayed above the 23.6% zone but has yet to cross the 38.2% zone.</p> 
<p>The VeChain coin (VET) price was $0.04923&nbsp; at press time, with an intraday drop of 4.00%, showing neutrality on the charts. Moreover, the trading volume has increased by 41.61% to $210.95 Million. The VeChain price has a monthly return ratio of 72.15% and 102.10% on a yearly basis. The pair of VET/BTC is at 0.000000737 BTC, and the market cap is $3.29 Billion. Analysts are bullish and suggest that the FIL coin might continue to extend the gains and will surpass $0.06000 soon.</p> 
<h2 class="wp-block-heading" id="strong-the-vechain-price-gains-momentum-can-vet-rally-away-the-0-05000-mark-strong"><strong>The VeChain Price Gains Momentum: Can VET Rally Away the $0.05000 Mark?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img loading="lazy" decoding="async" width="1600" height="741" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-98.png" alt="VeChain" class="wp-image-195606" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-98.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-98-300x139.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-98-1024x474.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-98-768x356.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-98-1536x711.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-98-750x347.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-98-1140x528.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: VET/USDT By TradingView
  </figcaption>
 </figure>
</div> 
<p>The coin has witnessed a significant turnaround on the daily charts and jumped from the lows of $0.03000 in the past weeks. The derivatives market signifies the neutral trend, and the open interest activity replicates a drop, conveying the short covering signs.</p> 
<p>The Relative Strength Index (RSI) curve stayed near 75, signifying a bullish trend and signaling a positive outlook. Similarly, the MACD indicator shows a bullish crossover and suggests a rise in the following sessions. The technicals are suggesting a bullish trend, and the VET price may continue to advance gains.</p> 
<h3 class="wp-block-heading" id="strong-the-vet-price-exhibits-trend-reversal-is-it-ready-for-a-rally-strong"><strong>The VET Price Exhibits Trend Reversal: Is It Ready for a Rally?</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img loading="lazy" decoding="async" width="1600" height="741" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-98.png" alt="VeChain" class="wp-image-195607" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-98.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-98-300x139.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-98-1024x474.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-98-768x356.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-98-1536x711.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-98-750x347.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-98-1140x528.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: VET/USDT By TradingView
  </figcaption>
 </figure>
</div> 
<p>On the weekly charts, the VeChain coin price has reverted sharply and crossed the 200-day EMA hurdle, replicating the trend reversal. Along with it, the technicals are revealing a golden crossover and signaling that a block of sellers was trapped, which triggered the up move, which may continue to lift the VET price in the following sessions.</p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3> 
<p>The<a href="https://www.thecoinrepublic.com/2024/02/26/vechain-price-analysis-whats-the-faith-vet-crypto-price/" target="_blank" rel="noreferrer noopener"> VeChain (VET) coin </a>has retained its strength and is ready to glimpse a bullish rally above the $0.0500 hurdle soon. Bulls are willing to sustain above the make-or-break region to deliver a sharp surge in the following sessions.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support Levels:</strong> $0.04000 and $0.03200</p> 
<p><strong>Resistance Levels:</strong>$0.05200 and $0.06000</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

VeChain (VET) Drives an Upmove: Can VET Sustain Above $0.0500?

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