VeChain’s VET price is currently consolidating at $0.02 after experiencing a 9% surge last week. Traders are observing mixed signals from technical indicators as they wait for the next catalyst to drive VeChain’s momentum. The recent price movement has raised questions about the sustainability of the recent gains. Market participants are particularly focused on potential developments that could influence future price action. As the Fed’s rate cut optimism fades, the cryptocurrency market remains cautious, with traders closely monitoring VeChain’s performance at this critical support level.
