VET is Losing its Upside Momentum
VeChain (Vet) is nearing the end of is 7 weeks climbing to the important resistance at $0.020. Its prices added 29% since then. A very bold effort.
The rally started when Coinbase listed VET and VTHO tokens on September 12. Then spot Bitcoin-ETF rally contributed to the rise too. VET could make another 6.0% more with this, but it is unlikely to go much higher than the resistance at $0.020. VeChain team is trying to raise interest to the network by conducting regular developers’ challenges to launch a strartup on VeChain Thor. But this is clearly not enough to support the rally. In case there will be no further positive in the crypto market soon VET prices are likely to roll back towards the support at $0.0150 after hitting the resistance at $0.020.
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