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VeChain (VET) in Prime Accumulation Zone—Is Now the Time to Buy?

VeChain (VET) in Prime Accumulation Zone—Is Now the Time to Buy?

EthnewsEthnews2025/03/16 09:33
By:By Sharron KendiEdited by John Kiguru
  • VeChain (VET) is consolidating at $0.025, with analysts watching for a breakout above $0.030 amid rising accumulation.
  • VeChain’s ecosystem growth, VTHO fee burning, and UFC partnership strengthen its adoption and long-term potential.

VeChain (VET) is gaining attention as traders and investors assess its current price movements. The token is in an accumulation phase, with market data suggesting that buying interest is increasing.

As noted in our previous post, the recent developments within the VeChain ecosystem have also contributed to the growing discussion about its future potential.

Market Trends and Price Movements

Bitcoin Ape, a crypto researcher, pointed out that VeChain is in an attractive accumulation zone. He noted that once sentiment shifts, VET could gain serious momentum. Investors’ accumulation of VET suggests confidence in its long-term prospects, even as the broader crypto market remains uncertain.

If you’re looking for a high-potential opportunity, $VET is worth your attention.

It’s currently in an attractive accumulation zone, making this a strategic time to consider entry. @vechainofficial is tackling one of the biggest challenges—improving quality of life on Earth.… pic.twitter.com/SYoozFxrP7

— Bitcoin Ape (@bitcoinape_) March 14, 2025

The price of VeChain (VET) is around $0.025 , showing a slight upward movement of 2.92% in the last 24 hours. Its trading volume has reached approximately $43.2 million, with a market cap exceeding $2.15 billion. Analysts have observed that the token has been consolidating within a specific range, indicating that traders are positioning themselves for a possible breakout.

VeChain (VET) in Prime Accumulation Zone—Is Now the Time to Buy? image 0 Source: TradingView

Technical indicators provide further insights into the market trends. The Ichimoku Cloud remains red and above the price level, indicating a bearish phase. The Relative Strength Index (RSI) is at 39.97, which signals a weak position, though it has not yet reached oversold levels. Additionally, the Moving Average Convergence Divergence (MACD) indicator shows that bearish momentum is weakening, raising speculation about a potential trend reversal.

Recent Developments in the VeChain Ecosystem

Bitcoin Ape asserts that VeChain has continued to expand its ecosystem through strategic upgrades and initiatives. The recent Galactica vote is seen as a crucial step in its development, introducing incentives that may increase long-term value for token holders. One of the key features of this initiative is the burning of 100% of VTHO base fees, which reduces inflation and benefits both developers and stakers.

Another notable development is VeChain’s partnership with the Ultimate Fighting Championship (UFC). Dana White and VeChain CEO Sunny Lu announced the deal, which is expected to increase exposure to the blockchain network. This collaboration, along with other real-world applications of VeChain’s technology, has helped strengthen its credibility in the industry.

Security remains a priority for the VeChain team. A recent announcement warned users about fake NFT airdrop vouchers that could compromise their assets. The team has been actively working on blacklisting malicious websites and advising users to remain cautious.

Key Levels and Potential Scenarios

Market analysts are closely monitoring key support and resistance levels for VeChain. The current support zone is between $0.020 and $0.025, while resistance is expected near the $0.028–$0.035 range. If buying pressure increases, a breakout above $0.030 could signal stronger upward momentum.

Cheeky Crypto, another popular crypto analyst, noted that VeChain has recovered from major price drops in the past and has the potential for strong rallies. Historical price movements indicate that VeChain has experienced significant surges after periods of accumulation.

🚨 BREAKING: VeChain $VET Holders

The Renaissance Is HERE & It’s MIND-BLOWING! 🚀

🔥 From an 81% crash to a 45x surge, VeChain is rewriting crypto history with game-changing tech, NFT staking, & real-world impact!

💥 Whales are accumulating & strategic partnerships are ON… pic.twitter.com/J76HVKWTvk

— Cheeky Crypto (@CheekyCrypto) March 13, 2025

For investors considering an entry, technical indicators suggest that the market is at a decision point. If RSI trends upward and MACD crosses bullishly, VET may see further gains. However, a drop below $0.025 could lead to a retest of lower support levels.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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