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MainNewsVeChain Face...

VeChain Faces Resistance At $0.03: Can VET Hit $0.05 In June?


by Paigambar Mohan Raj
for Watcher.Guru
VeChain Faces Resistance At $0.03: Can VET Hit $0.05 In June?

VeChain is having trouble breaking above $0.030. The price of the asset decreased by 5.3% over 14 days and 19.7% since May 2024. Even with the bearish market performance, VET has gone up 0.7% in one day, 1.6% in a week, and 6.4% during the last month.

VeChain price chart
Source: CoinGecko

Also Read: VeChain On The Verge Of Overtaking Trump Coin: Here’s When

Crypto Market Rally Fades

cryptocurrency drowning sea
Source: Watcher Guru

The crypto market experienced a surge over the last few weeks after a spike in institutional investments. Bitcoin (BTC) climbed to a new all-time high of $111,814 on May 22. The original crypto has since fallen by 1.8%. BTC’s rally triggered a market-wide upswing. VET and other assets followed BTC’s upward trajectory. The rally has since cooled off.

Also Read: Cryptocurrency: 3 Coins That Are Capable Of Becoming The Next Bitcoin

VeChain (VET) has struggled to gain momentum despite the recent market roar. The asset climbed to $0.077 in December of last year. Since December, VET’s price has seen a gradual and steep decline.

Will VeChain Hit $0.05 In June?

VeChain (VET) last traded above the $0.05 mark in January of this year. The asset has lost significant ground over the last few months.

CoinCodex analysts anticipate VET to enter a sideways trajectory over the next month. The platform expects the asset to trade at a maximum price of $0.030 in June. VET’s price will face a 6.3% rally if it hits the $0.030 mark.

VET price prediction
Source: CoinCodex

VET’s price could experience a rally if the Federal Reserve announces an interest rate cut. President Trump has stated that he wants the Fed to cut rates soon. An interest rate may lead investors to take on more risks. Cryptocurrencies are among the most volatile and risky assets. The market could see an upswing if borrowing becomes easier.

Also Read: VeChain Price Prediction: VET Set to Soar 150–200% in 2025 After Cross-Chain Bridge Launch

VeChain (VET) could also benefit from BTC gaining momentum. BTC is the market leader, and other assets often follow its trajectory. BTC gaining traction could trigger another market-wide rally.

Read the article at Watcher.Guru

Read More

VeChain’s Hidden Power: VET Could Be A Crypto Giant By 2030

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MainNewsVeChain Face...

VeChain Faces Resistance At $0.03: Can VET Hit $0.05 In June?


by Paigambar Mohan Raj
for Watcher.Guru
VeChain Faces Resistance At $0.03: Can VET Hit $0.05 In June?

VeChain is having trouble breaking above $0.030. The price of the asset decreased by 5.3% over 14 days and 19.7% since May 2024. Even with the bearish market performance, VET has gone up 0.7% in one day, 1.6% in a week, and 6.4% during the last month.

VeChain price chart
Source: CoinGecko

Also Read: VeChain On The Verge Of Overtaking Trump Coin: Here’s When

Crypto Market Rally Fades

cryptocurrency drowning sea
Source: Watcher Guru

The crypto market experienced a surge over the last few weeks after a spike in institutional investments. Bitcoin (BTC) climbed to a new all-time high of $111,814 on May 22. The original crypto has since fallen by 1.8%. BTC’s rally triggered a market-wide upswing. VET and other assets followed BTC’s upward trajectory. The rally has since cooled off.

Also Read: Cryptocurrency: 3 Coins That Are Capable Of Becoming The Next Bitcoin

VeChain (VET) has struggled to gain momentum despite the recent market roar. The asset climbed to $0.077 in December of last year. Since December, VET’s price has seen a gradual and steep decline.

Will VeChain Hit $0.05 In June?

VeChain (VET) last traded above the $0.05 mark in January of this year. The asset has lost significant ground over the last few months.

CoinCodex analysts anticipate VET to enter a sideways trajectory over the next month. The platform expects the asset to trade at a maximum price of $0.030 in June. VET’s price will face a 6.3% rally if it hits the $0.030 mark.

VET price prediction
Source: CoinCodex

VET’s price could experience a rally if the Federal Reserve announces an interest rate cut. President Trump has stated that he wants the Fed to cut rates soon. An interest rate may lead investors to take on more risks. Cryptocurrencies are among the most volatile and risky assets. The market could see an upswing if borrowing becomes easier.

Also Read: VeChain Price Prediction: VET Set to Soar 150–200% in 2025 After Cross-Chain Bridge Launch

VeChain (VET) could also benefit from BTC gaining momentum. BTC is the market leader, and other assets often follow its trajectory. BTC gaining traction could trigger another market-wide rally.

Read the article at Watcher.Guru

Read More

VeChain’s Hidden Power: VET Could Be A Crypto Giant By 2030

VeChain’s Hidden Power: VET Could Be A Crypto Giant By 2030

VeChain (VET) is quite a unique crypto project. The project has had incredible succes...
JUST IN: Important Development for Memecoins – New Token Arrives with a $4 Billion Valuation

JUST IN: Important Development for Memecoins – New Token Arrives with a $4 Billion Valuation

One of the well-known names in the Memecoin world will offer his own cryptocurrency f...