VeChain (VET) is making headlines on X, with technical analyst @WorldOfCharts1 predicting a potential 40% price rally.
The analysis, shared via a detailed chart, highlights VET testing a crucial multi-support zone, currently priced at $0.02315 USD. The chart features a descending trendline intersecting a key horizontal support level, suggesting a possible reversal if the price breaks out upward—a classic technical signal supported by Investopedia’s insights on support/resistance dynamics. This breakout could propel VET toward new highs, though such predictions remain speculative without confirmation.
$Vet #Vet Testing Crucial Multi Support Area, Expecting 40% Rally In The Event Of Successful Breakout pic.twitter.com/bznFQTg4ag
— World Of Charts (@WorldOfCharts1) August 3, 2025
Adding fuel to the bullish case, VeChain’s recent upgrades are enhancing its fundamentals. The Galactica Upgrade, rolled out in July 2025, and the upcoming Hayabusa Stage in December 2025, introduce significant changes, including gas fee burns and tokenomic optimizations. These moves reduce the circulating supply, a strategy proven effective in other cryptocurrencies like BONK, which saw a 40% surge post-burn. By burning tokens, VeChain aims to increase scarcity and demand, potentially driving the anticipated rally. The platform’s real-world enterprise applications, such as supply chain tracking, further bolster its long-term value proposition.
However, investors should approach this with caution. Technical breakouts carry inherent risks, and external factors like U.S. inflation data or broader market trends could influence outcomes. The X community, including users like @Mike.Nelson and @EnginAy96098165, echoes optimism, citing macro setups and past successes with VET. Still, the crypto market’s volatility demands diligent research and risk management.
As VeChain continues to evolve, its blend of technical strength and innovative upgrades positions it as a token to watch. Whether the 40% rally materializes will depend on market dynamics and the success of its upcoming developments.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
<p>The post VeChain (VET) Poised for 40% Rally: Technical Breakout and Tokenomic Boost first appeared on Coin Crypto Newz.</p>
