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VeChain Price Hits Resistance Ahead of VIP-255 Upgrade

Guavy AI Editorial Team
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VET
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The VeChain price has reached a critical juncture as it prepares for its upcoming VIP-255 upgrade on September 16. The resistance level is around $0.0070, just above the 200-day EMA.

VIP-255 is set to bring three core protocol changes to the VeChain network, with the update focused on the third and most significant one.

The next move in VeChain's price will depend heavily on whether buyers can push through this resistance level. If they succeed, it could be a strong indication of a potential uptrend for VeChain. However, if the price fails to break through, it may signal a continued downtrend.

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