VeChain (VET) has recently broken out of a long-term downtrend and is showing signs of a bullish rally. It has gained 7.92% in the last 7 days and analysts predict a potential 372% rally from current levels. The recent breakout has brought optimism, and the price has traded above the breakout zone, indicating a bullish trend. However, VeChain is still in a consolidation phase according to technical analysis, with the ADX showing no trend strength. The RSI reflects a neutral to slightly bearish momentum. Traders are monitoring resistance at $0.10 and support near $0.045 for further direction. The recent rise in Bitcoin's price also contributes to the positive sentiment in the broader market. VeChain has displayed resilience and is expected to perform well with the anticipation of President-elect Donald Trump's inauguration, which historically boosted investor confidence in the crypto sector. Analysts suggest keeping an eye on VeChain in the coming months, with the next critical resistance at $0.10 and a long-term target of $0.25315.



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