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Why VeChain (VET) May Climb Higher In The Next Few Days

Published 2024-02-28, 08:19 a/m
© Reuters.  Why VeChain (VET) May Climb Higher In The Next Few Days
VET/USD
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Coin Edition -

  • VET’s price climbed by 5.65% after VeChain showed signs of a major announcement on X.
  • VET could test the $0.060 psychological resistance if bulls hold the support at $0.047.
  • Decreasing money flow might trigger a retracement to $0.040.

On February 27, Layer 1 smart contract blockchain VeChain (VET) posted that it could soon disclose an update that would improve blockchain development in the ecosystem. Although VeChain did not share details, the post indicated that VeChain could be working on improving its adoption through the VeChainThor model.

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