VeChain Surges 25%, Reaches $0.07 as Crypto Market Remains Range-Bound

Crypto markets were range-bound last week after Bitcoin's strong rebound in August.

VeChain (VET) was the clear winner with a 25% surge, reaching $0.07 for the first time since mid-May.

This rally has been driven by FOMO and technical indicators, but RSI suggests VET is still below an overbought level, indicating potential profit-taking pressure from short-term holders (STHs).

VeChain may pierce the $0.08 threshold if it continues to climb on current bullish momentum.