**VET Price Drops Amid US-China Tariff War Fears—Will $0.018 Support Hold?**
The crypto market is feeling the heat as **VeChain (VET)** takes a hit, dropping **7%** in the past 24 hours amid growing fears of a **US-China tariff war**. The broader market downturn, fueled by macroeconomic uncertainty, has pushed **VET to test the critical $0.018 support level**.
### **Why Is VET Falling?**
- **Risk-Off Sentiment**: Investors are pulling back from risk assets, including crypto, as tensions rise between the US and China over potential new tariffs.
- **Bitcoin’s Decline**: BTC’s drop below **$65K** has dragged down altcoins, including VET.
- **Market-Wide Correction**: Total crypto market cap has shrunk by **5%**, with major altcoins seeing similar losses.
### **Key Support at $0.018**
VET is currently hovering around **$0.0185**, a crucial support zone. If this level breaks, the next major floor sits at **$0.016**. However, if bulls defend this area, a rebound toward **$0.022** could be possible.
### **What’s Next for VeChain?**
- **Macro Factors**: Any escalation in US-China trade tensions could prolong the downtrend.
- **Adoption News**: VeChain continues to expand its enterprise blockchain solutions, which could provide long-term support.
- **Market Recovery**: If Bitcoin stabilizes, VET could see a relief rally.
### **Final Thoughts**
While short-term volatility persists, VeChain’s strong fundamentals and real-world use cases keep it a promising long-term hold. Traders should watch the **$0.018** level closely—holding here could signal a rebound, while a breakdown may lead to deeper corrections.
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