VeChain is Struggling to Climb above $0.0350
VeChain (VET) is adding 2.1% to $0.03379 this week. Though, the token rose by 3.6% to $0.03452 on Monday, prices rolled back following general correction in the crypto market. Still, VET is trading below the support of the uptrend at $0.03733, and below horizontal support at $0.03500.
Bitcoin (BTC) is also straggling to surpass the resistance at $70,000. VeChain itself is not providing essential evidence for an upside. VeChain Global Technology announces the approval of its Carbon Trading Patent application by the U.S. federal agency Patent and Trademark Office (USPTO) in late May. A major effort, but it didn’t impressed investors too much. With such a sentiment VET is struggling to climb above $0.03500.
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