VeChain Is Likely to Continue Down
VeChain (VET) is down 18.2% this week to $0.02650, mirroring the broader crypto market’s downturn, with Bitcoin (BTC) plunging 8.3% to $87,980. BTC has broken below its critical $88,000–90,000 support zone, raising concerns of a further slide toward $78,000–80,000. While this is likely a short-term issue, a deeper decline of another 10% could trigger widespread panic in altcoins.
VeChain recently introduced new tokenomics and rewards under its Renaissance initiative, but this has provided only temporary support for prices. VET has already fallen below the key $0.03000 level, and continued market pressure could push it down to $0.02000. However, this area is expected to act as a strong support, potentially setting the stage for a recovery.
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