VET Altcoin Price Potential Faces Biggest Test Above $0.00813

The VeChain (VET) altcoin is facing its biggest test above $0.00813, according to Bitget.

VET has been trading near $0.0068 today, but it's down over 97% from its previous all-time high of $0.2798.

Despite the recent momentum, VET is still in a long-term underperformance phase, which makes its recovery story unusually layered.

The token has shown short-term strength with gains of more than 31% over seven days and about 53% over the past month.

Analysts point to a macro accumulation zone and a strong reaction from a high time frame bullish order block as signs of a possible inflection point.