December 26, 2023 at 10:03 AM GST 1 min read News
  • VeChain experienced a 36% surge in the past week, breaking free from a week-long consolidation phase.
  • The coin’s price currently hovers between $0.034 and $0.037, with a successful break of key resistance levels.
  • Bullish momentum prevails as VeChain targets a potential resistance test at $0.042 in the near future.

VeChain, a prominent player in the crypto market, has been making waves with its recent price movements. After a period of consolidation in the range of $0.020 to $0.023, VeChain witnessed a remarkable surge, adding over 36% to its portfolio in just one week.

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This surge was no ordinary feat, as it broke the shackles of consolidation, allowing the bulls to regain control over the bears. As a result, the price soared into a range between $0.034 and $0.036, marking a significant breakthrough.

What lies ahead for VeChain? If the bulls can maintain the price above the crucial support level of $0.036, there’s a strong possibility of further gains. In fact, VeChain may soon set its sights on testing the resistance at $0.0400 in the coming days.

A successful hold at this level could potentially pave the way for VeChain to aim higher, with a target of testing the upper resistance level at $0.049 this month. This surge in bullish momentum has rekindled optimism among VeChain investors and the broader crypto community, offering a promising outlook for the future.

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