AP News Summary at 7:17 a.m. EST

The post VeChain Price Market Technicals Hint at 5x Upside appeared com. VET price could hit the $0. 1 target once the ongoing consolidation phase fades. VeChain’s price mirrors historical patterns seen in 2020 and 2021 following major breakouts. Vechain (VET) has a positive outlook, as its technical indicators hint at a potential 5x rally ahead. $0. 1 VET Target Spotlighted CryptoPulse sees the price stability of VET as a function of accumulation around $0. 016. To the analyst, large investors are purchasing VET, storing energy for a breakout. Per the analysis, VeChain has a track record of long periods of sideways price action, usually followed by strong breakouts. CryptoPulse described this playbook as a “Calm before the storm.” The analyst is targeting the next VET breakout price at $0. 10, approximately a 5x increase from the current level. As of writing, the VET token was priced at $0. 01622, up 2. 99% over the past 24 hours. The trading volume stands at $28. 4 million, while the market cap surged to $1. 39 billion. If market momentum returns, VET could witness a major rally, drawing on VeChain’s focus on real-world utility and partnerships. As detailed in our last news piece, VeChain partnered with Keyrock, a global crypto investment firm founded in Brussels. Through the partnership, Keyrock has become a validator on the VeChainThor network. This means they are operating nodes that take part in the process of verifying and adding transactions to the blockchain. Furthermore, VeChain has continued to strengthen its position as a leading enterprise blockchain. It offers solutions for supply chain management, logistics, and carbon tracking, while on-chain metrics illustrate an increase.