VeChain Is Building an Upside Momentum
VeChain (VET) is rising by 5.6% to $0.02470 this week, outperforming Bitcoin (BTC), which is adding 2.7% to $114,000. BTC climbed to $114,270 on Wednesday after U.S. producer price index data came in lower than expected, giving risky assets a boost. VET has closely tracked the benchmark’s move.
Now, investors are focused on U.S. consumer inflation data due Thursday. If it also surprises to the downside, BTC could extend gains toward the $117,000–$120,000 resistance zone. In that scenario, VET could finally break out of its three-month consolidation range, with upside potential first to $0.03000 and possibly further to $0.04000.
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