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TronWeekly

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VeChain Price at Crossroads: Could VET Skyrocket to $0.07 Again?

  • VeChain (VET) is currently trading sideways between $0.0244 and $0.0252 after a recent rally, indicating uncertainty in momentum.
  • Technical indicators show weakening strength, with MACD and RSI at neutral levels, suggesting a potential shift in momentum.
  • A breakout above $0.0255 could lead to a move towards $0.0270, while key support levels are at $0.0240 and the ascending 50-day moving average at $0.0227.
  • Analysts are eyeing a potential breakout for VeChain similar to last year's surge, with a possibility of reaching $0.07 or higher if momentum continues to build.

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