VeChain Could Recover to $0.0300
VeChain (VET) is down 3.0% this week, trading at $0.02060, underperforming the broader crypto market, where Bitcoin (BTC) remains largely flat around $107,500. In June, BTC declined by 12.5%, but VET fared worse, plunging 25.5% to a low of $0.01812.
The drop below the key $0.02000 support level was a concerning technical signal. However, a swift geopolitical de-escalation helped spark a rebound. VET initially recovered by 35.5% to $0.02680, with the maximum bounce reaching an impressive 307.0% to $0.08000 in previous cycles.
This historical recovery pattern suggests that the current rebound may still have room to run. Based on the average pace of past recoveries, a return to the $0.03000 level appears achievable in the near term, with the potential to climb further if broader market conditions improve.
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