VeChain: Can VET Hit $0.08 This Week?

VeChain (VET) continues its descent amid a lackluster market. The plus is down 0.3% successful the regular charts, 4.5% successful the play charts, 22.6% successful the 14-day charts, and 25.1% implicit the erstwhile month. Despite the dip, VET has maintained immoderate gains successful the yearly charts, rallying 11.5% since February 2024.

Also Read: Trump’s U.S.-Russia Talks: A Crucial Move to Curb De-Dollarization and End the Ukraine War

Source: CoinGecko

Cryptocurrencies Continue To Glow Red

Source: Coinpedia

The crypto marketplace is not showing immoderate signs of a recovery. The marketplace slumped earlier this period and has continued to determination downwards. VET and different assets person mislaid important worth since the opening of this year.

Also Read: Can Bitcoin (BTC) Return to $100K This Week Post-Crash?

US President Donald Trump announced further taxes connected alloy and aluminum. The determination whitethorn person made investors weary of risky assets. President Trump besides said helium would enforce tariffs connected countries that taxation US goods. Both developments were taken negatively by the market.

Can VeChain Hit $0.08 This Week?

US jobs information came successful little than expected for January 2025. The determination could pb to the Federal Reserve cutting involvement rates. If the Fed announces an involvement complaint cut, it could pb to a boost successful capitalist sentiment. Such a script could pb to a rally for VeChain (VET) and different cryptocurrencies.

According to CoinCodex, VET could surge to $0.042 connected Feb. 14. This terms constituent whitethorn beryllium the highest for the plus implicit the adjacent fewer days. CoinCodex anticipates VET to summation momentum implicit the coming months. The level anticipates VET to deed $0.125 connected April 20, 2025. Hitting $0.125 from existent terms levels volition entail a rally of astir 278.79%.

Source: CoinCodex

Also Read: Metaplanet’s Bitcoin Pivot Propels Stock to 3,600% Surge successful 12 Months

VET could besides proceed to determination sideways implicit the adjacent fewer months. If macroeconomic conditions don’t improve, investors whitethorn proceed to enactment distant from the crypto market.