VET Surges 25%, RAIN Hits Overextended Level, STABLE Price Corrects Deeper

Crypto markets remained range-bound during the week following a strong rebound for Bitcoin in the last week of August, where the price failed to break $80k.

The rest of the market had mixed performance as traders took profits off the table, but funds continued to rotate among a few altcoins, fueling the overall market value.

VeChain (VET) emerged as the clear winner this week with a 25% surge, reaching $0.07, a level it last crossed in mid-May.

The strong FOMO, short-term holders now in profit, and compressed RSI suggest that VET could pierce the $0.08 threshold, continuing its climb before facing profit-taking pressure.