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What is VET Crypto Currency?
VeChain (VET) is a cryptocurrency and blockchain platform designed to enhance supply chain management and business processes. It aims to provide transparent and secure data sharing between stakeholders, improving efficiency, traceability, and accountability in logistics. VET is the native token used primarily for transferring value within the VeChain ecosystem, while a second token, VeThor (VTHO), is used to pay for smart contract execution and transaction fees. VeChain integrates technologies such as Internet of Things (IoT) devices and QR codes to track products through every stage of the supply chain, making it popular among industries like luxury goods, agriculture, logistics, and pharmaceuticals.
VET Crypto Currency One Day Graph Analysis
As of June 12, 2025, the 1-day chart of VeChain (VET/USDT) on Binance shows a bearish trend, with the price closing at $0.02411, down 3.48% for the day. The chart indicates a strong resistance around the $0.03398 mark, which was the recent local high. The 25-day moving average (MA25) is currently at $0.02543, above the current price, signaling continued downward pressure. The 7-day moving average (MA7) has crossed below MA25, which can be interpreted as a bearish crossover. Volume data reveals a recent decline in buying interest, with VET volume at 188.03M and USDT volume at 247.70M, overshadowed by selling pressure at 256.98M. The support level is seen near $0.01771, which held previously in April. If VET fails to hold above the $0.024 level, further downside toward the $0.022 or even $0.020 mark is possible. Overall, the short-term technical outlook for VET remains bearish unless it breaks above the 25-day moving average with strong volume confirmation.
VET Crypto Currency One Month Graph Analysis
The 1-month chart of VeChain (VET/USDT) as of June 1, 2025, on Binance shows a prolonged bearish trend following its all-time high near $0.27883 in early 2021. Currently trading at $0.02415, VET has lost significant value over the long term, reflecting over a 90% decline from its peak. The 7-month moving average (MA7) is at $0.03069, and the 25-month moving average (MA25) is at $0.02877, both above the current price, indicating sustained downward pressure. VET remains below both key moving averages, suggesting a continued bearish outlook unless a breakout occurs.
The volume trend supports this analysis, as monthly trading volume has declined notably compared to the 2021 bull run. While there was a minor surge in 2023, momentum has since weakened. VET is currently trading near a long-term support zone around $0.022, and any drop below this level could lead to a retest of the $0.015 range. Conversely, a strong monthly close above $0.03 could signal the beginning of a potential trend reversal.
Technical Analysis Summary (as of June 2025)
Short-term trend (1D chart): Bearish, trading below key moving averages.
Long-term trend (1M chart): Deep in a long-term downtrend; trading at a multi-year support zone (~$0.022–$0.024).
Momentum: Low; volume declining.
Resistance Levels: $0.028 – $0.03
Support Levels: $0.022 → $0.015
Reasons You Might Consider Buying VET Now:
Long-term support zone: Historically, buying near major supports has better risk-reward.
Use case potential: VeChain has real-world utility in supply chain, logistics, and enterprise adoption.
Oversold conditions: Price has retraced significantly from all-time highs, potentially undervalued.
Reasons to Be Cautious:
No trend reversal yet: No clear bullish signal; price remains under major moving averages.
Weak volume: Lack of buying interest may mean limited upside short-term.
Market-wide sentiment: If broader crypto sentiment turns bearish, VET may fall further.
Smart Approach (Not Financial Advice):
Dollar-cost averaging (DCA): Buy small amounts over time to reduce risk.
Set a stop-loss: For example, if VET drops below $0.021, consider exiting.
Watch for confirmation: Wait for a breakout above $0.03 with strong volume before committing larger capital.
Smart Approach (Not Financial Advice):
Dollar-cost averaging (DCA): Buy small amounts over time to reduce risk.
Set a stop-loss: For example, if VET drops below $0.021, consider exiting.
Watch for confirmation: Wait for a breakout above $0.03 with strong volume before committing larger capital.
