VeChain Price Breaks Multi-Year Downtrend as InterStellar Upgrade Looms
VeChain's price has broken a multi-year downtrend, and traders are wondering if this is just another relief rally or the start of a deeper trend reversal.
The token has been on a tear, pushing sharply higher after months of compressed action. As VeChain prepares for its InterStellar upgrade and expands its infrastructure footprint, many are watching to see if this momentum will continue.
VeChain's VIP-255 upgrade is scheduled for September 16, bringing Ethereum-aligned improvements to the network's infrastructure. This includes transient storage, MCOPY, updated contract behavior, historical block information, and additional transaction and block-size safeguards.
The rally has reached its first big test, with VeChain price trading around $0.007780, up 18%. If it can break above the major supply zone of $0.00816-$0.0095, the psychological $0.01 level becomes a possible target.