VeChain Price Prediction: Can VET Get Back to Its 2024 Market Cap?
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In crypto markets, VeChain (VET) posted a cautiously bullish breakout after reclaiming a year-long descending trendline and rallying about 26% this week from $0.0044 to $0.0069, though the setup would weaken if price drops below $0.0067. The Interstellar protocol upgrade is targeted for September 16 to boost EVM compatibility and DeFi/DEX adoption, while VET derivatives volume jumped 152.25% amid heavy long liquidations, signaling elevated market risk for traders.
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- VET price prediction turns cautiously bullish after reclaiming its year-long descending trendline
- VeChain’s Interstellar upgrade is targeted for September 16, improving EVM compatibility
- VET derivatives volume jumped 152.25%, but longs still took the bulk of today’s liquidations
The VET price prediction stays cautiously bullish after this week’s 26% sharp rally, but the setup isn’t fully confirmed yet. Lose $0.0067 and the setup weakens fast, since much of this move is built on positioning that’s chasing price rather than confirming a bottom.
VeChain Price Analysis: Did VET Just Reclaim Its Year-Long Downtrend?
VET broke above the descending trendline running from January’s high this week, a line that had rejected every recovery attempt for eight straight months. Price surged from $0.0044 to a high of $0.0069 befor…
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