VECHAIN ​​on rally course: Can Vet crack the $ 0.033?

VECHAIN ​​on rally course: Can Vet crack the $ 0.033?

On May 2, 2025, VECHIAIN (VET) Prize movement shows promising signals for investors. The course recently broke a pattern symbolized by a falling wedge, which indicates a bullish market mood. The current VET price is around $ 0.023. This positive development is also fueled by the announcement of the Bybit cryptocurrency exchange, which VET has listed on its spot trading platform.

Already on Monday the deposits for VET opened at 6 a.m. UTC, while trading started at 10 a.m. UTC. On Tuesday, the withdrawals for VET were activated at 10 a.m. UTC. This listing is expected to significantly increase liquidity and accessibility for the Vechain ecosystem.

market analysis and price forecast

After the latest outbreak, the VET course rose by almost 3%on Monday. If Vechain manages to maintain upward moment, the price could reach a target brand of 17% and thus test a high of $ 0.027. A successful final course of $ 0.027 could even lead to a further increase of 21% in order to check the high of March 3 at $ 0.033. The relative strength index (RSI) is currently 51 and therefore also shows a bullish momentum.

Another technical indicator, the Moving Average Convergence Diversgence (MACD), reported a bullish crossing last week, which indicates a continuation of the upward trend. However, the bullish perspective loses validity when Vet concludes below the low of April 10 at $ 0.020, which could lead to a decline in the next support level at $ 0.017.

sentiment in the cryptom market

In addition to the technical analysis, the market mood is crucial for the price development of VET. The Fear and Greed Index for cryptocurrencies, which measures the market mood on a scale from 0 (extreme fear) to 100 (extreme greed), shows how investors look at the market. Values ​​in the "Greed" area (55-100) indicate a positive, possibly over-optimistic perception, while values ​​in the "neutral" area (45-54) signal a balanced mood. Values ​​in the "Fear" area (0-44), on the other hand, indicate fear or pessimism among investors.

The current developments related to Vechain and the general market conditions could therefore be crucial for investors who observe the performance of this cryptocurrency.

For more information about Veakain and current developments, please consult the reporting of fxstreet and the Kryptover same .