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VeChain Price Prediction: Additional Bullish Momentum Required to Breal $0.1 Barrier

Bullish VeChain price predictions are starting to emerge after the VeChain token was able to find support. This outlook follows a strong bounce on the 0.0869 support level, following yesterday’s slide that affected the entire market. However, it would take more bullish momentum to override the overall bearish sentiment that pervades the market.

Despite being not out of the woods yet, VeChain is still making the rounds with more integrations and partnerships. The token was recently listed on the Uphold wallet. The Uphold wallet has been touted as having expanded limit order capacities, allowing traders to trade tokens like VeChain by selecting the most favourable prices on their wallet.

VeChain is currently up in its pairing with Tether by 2.28%.

VeChain Price Prediction

The VET/USDT pair has found support at the 0.08699 price level, marking the end of the measured move from the breakdown of the triangle on the daily chart. The recovery bounce targets 0.0992, and a break above this level clears the pathway towards 0.1278. An additional resistance level is located at 0.1613, but an intervening pitstop could also occur if the price attains the 0.1400 psychological resistance (15 August/1 September highs).

On the flip side, rejection at 0.0992 could prompt a retest of 0.0869. If this support mark gives way, we could see a further leg down towards 0.0805 before 0.0599 comes into the picture. 

VeChain Price Chart (Daily)

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