VeChain, Rain Surge Ahead of Crypto Market Consolidation

Crypto markets have been range-bound this week after Bitcoin's strong rebound in late August failed to break through $80,000.

The price of VeChain (VET) surged by 25% and is still on track for further gains despite being overbought. In the past two weeks, VET has risen by more than 50%, making it a possible candidate for significant profit-taking pressure from short-term holders.

Rain (RAIN) took second place with a 22% increase in price and is now trading at an overextended level, similar to its mid-June cycle. The asset's volatility is higher compared to VET, but it still has room for growth before facing potential corrections.