VET Resistance Test: Can Bulls Break Through?

VeChain's VET token has reached a critical juncture in its price action, as it tests descending resistance on the four-hour chart for the third time. This repeated pattern often precedes either a decisive move higher or another frustrating rejection.

The token trades near $0.00484 after recovering from weakness seen in early July, and has climbed back above its 20-day exponential moving average, giving buyers a short-term technical edge.

A confirmed breakout above resistance, backed by rising volume, could open the door to a broader recovery phase. However, failure to clear resistance could trap VET in its current range and revive selling pressure.