VeChain (VET) has experienced a 50% recovery rally and is on the verge of a trendline breakout as it nears the $0.030 mark. The cryptocurrency's market cap has increased to $2.36 billion, with a 13.27% gain in the last 24 hours and trading volumes rising by 42%. The bullish trend has pushed VeChain's price above the 200-day Exponential Moving Average (EMA) and the 38.20% Fibonacci level. With positive technical indicators and upward momentum in the EMAs, a breakout above the 50% Fibonacci level could lead to further gains and potentially reach an upside target of 131%.



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