VeChain ($VET), a blockchain-powered supply chain platform, is on the radar of investors and traders as it nears the pivotal $0.01 resistance level. A decisive breakout above this threshold could ignite bullish momentum, propelling the token toward its next significant target of $0.135.
Over the past 24 hours, $VET has recorded a high of $0.07022 and a low of $0.04587, with its current price sitting at $0.06724 at the time of writing. This positions the token just below its 24-hour peak. However, these figures remain far from its all-time high of $2.782, achieved during the 2021 cryptocurrency bull run.
The VeChain ecosystem continues to show promise, backed by increasing adoption and robust fundamentals. Market participants are closely watching for signs of sustained upward momentum, with key support and resistance levels playing a critical role in determining the token's short-term trajectory.
With VeChain gaining traction as a solution for real-world use cases, its growth potential could attract both retail and institutional investors. For those eyeing long-term gains, the token’s ability to overcome critical price levels will likely be a key determinant of future performance.