Crypto
Binance Suspension Sets Stage for VeChain Price Breakthrough
The VeChain (VET) price is experiencing a strong upward trend, climbing 7.89% on the day to reach $0.00778. This gain comes as Binance announced it will halt VET deposits and withdrawals starting September 16, 2026, at 7:15 p.m. Korea Standard Time.
The suspension is in preparation for a major network upgrade and hard fork expected at 8:15 p.m. the same day. This move has increased trading activity and anticipation among market participants ahead of the event.
Technical signals also point to bullish momentum, with VET sitting above its key moving averages. The Ichimoku Kijun provides immediate support at $0.0075005, while the MACD issues a buy signal and Bull/Bear Power confirms buyer dominance intraday.