Price Analysis
  • Shrishesh Tanksalkar
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    Shrishesh is a versatile writer with 2+ years of experience in cryptocurrencies. An engineer turned storyteller, this selective introvert is a wannabe biker on weekends.

    • 1 minute read

    VeChain Price Eyes $0.027, Will the Momentum Sustain?

    Story Highlights
    • VET price chugs up 4% in 24 hours, hovers near $0.026 with bullish momentum

    • Staking locks 4.75B VET, reducing liquid supply and supporting rally

    • Key resistance stays at $0.02696, while support holds firm at $0.02480

    VeChain price is trading at $0.02597 after a 4.08% daily gain and 10.39% weekly rise. It is gaining traction as supply-side constraints and institutional moves boost confidence. Its market cap has risen to $2.23 billion with trading volume spiking 201.67% to $152.3 million in mere 24 hours. 

    Wondering where the fuel came from? The rally stems from VeChain’s StarGate staking program, which has locked over 4.75 billion VET worth about $125M since July 1. And also distributing 5.48 billion VTHO as rewards. Additional credibility comes from VeChain’s custody partnership with BitGo and its integration into Franklin Templeton’s $780 million tokenized fund.

    VET Price Analysis

    VET price broke above its July downtrend on August 10, entering a rising price channel supported at $0.02480. The breakout triggered algorithmic buying and short squeezes, amplified by $577k in spot inflows in early August. Currently, traders are eyeing $0.02696, which is the 50% Fibonacci retracement level.

    On the 4-hour chart, Bollinger Bands show price pressing the upper band near $0.0269. This is while the RSI at 62 indicates bullish momentum but not yet extreme overbought conditions. That being said, a sustained close above $0.02696 could open the door to $0.028, while failure to hold above $0.02480 may trigger consolidation toward $0.02345.

    VET Price 25-8-25

    The upcoming August 25 on-chain report on staking participation and VTHO burn will be critical. High participation and strong burn rates would reinforce scarcity conditions, supporting higher prices. However, profit-taking near $0.027 remains a short-term risk as traders lock in recent gains.

    FAQs

    Why is VET price up today?

    The StarGate staking program has locked billions of VET, cutting liquid supply and driving algorithmic buying pressure.

    2. What are the key levels to watch?

    Immediate resistance sits at $0.02696, with a breakout target of $0.028. Strong support is at $0.02480.

    3. Is VeChain attracting institutional interest?

    Yes. Partnerships with BitGo for custody and Franklin Templeton’s tokenized fund have improved its credibility, particularly with ESG-focused investors.

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