- VeChain (VET) is consolidating between $0.0250 and $0.0258 after recent price swings, with key support at $0.0240 and resistance at $0.0272.
- VeChain’s short-term outlook depends on breaking past $0.0272 for a bullish move or holding above $0.0245 to avoid further declines.
VeChain (VET) has been experiencing significant price movements over the past two weeks, swinging between $0.0228 and $0.0272. This fluctuation reflects both bullish optimism and periodic corrections, keeping traders on edge. As VET stabilizes, the key question remains—where is it headed next?
VeChain Recent Price Performance
On March 10, VET hit a low of $0.0228 before rebounding. By March 19, it reached a high of $0.0272, fueled by increased trading activity. However, this peak was followed by a pullback to $0.0252 on March 21. Since then, VET has been consolidating between $0.0250 and $0.0258, indicating market indecision.
Key Support and Resistance Levels
- Support: $0.0240 remains a crucial support level, historically preventing deeper declines.
- Resistance: The $0.0272 mark is the main barrier Vechain must break to continue its upward momentum.
Short-Term Price Outlook
Over the next three days, VET’s price action is expected to remain within a tight range, but traders should keep an eye on these key scenarios:
- March 25: VET is likely to trade between $0.0248 and $0.0260, with minor fluctuations.
- March 26: If buying pressure increases, VET could test $0.0265, though resistance at $0.0270 might hold strong.
- March 27: A breakout above $0.0272 could trigger a rally toward $0.0280, while selling pressure could push VET back to $0.0245.
VET’s next move will depend on broader crypto market trends and investor sentiment. If bullish momentum builds, a breakout above $0.0272 is possible, opening the door for further gains. However, if consolidation continues, VET may remain in the $0.0245–$0.0265 range. Traders should monitor trading volume and price action closely for confirmation of the next big move.
