VeChain hits key support! – Examining odds of VET’s 40% rally

VeChain (VET) has increased by 7.25%, marking an end to its previous bearish trend, attributed to bullish momentum and rising trading volumes.

Currently trading at about $0.0225, VET is supported at $0.019, a level that historically has led to significant rallies.

Both daily and weekly charts reflect a bullish sentiment shift for VET, suggesting a strong possibility of a 40% price increase toward $0.032.