VeChain Price Forecast: VET could slide 16% if this critical demand barrier is broken
The VeChain price has been on a massive bull run for almost five months, resulting in 20x returns. Now, this run-up could be facing extinction as it approaches a make-or-break point.
VET has failed to pierce the 161.8% Fibonacci extension level at $0.093 for more than a week. This move reveals excessive profit-booking. A spike in selling pressure here could trigger a 16% sell-off toward the Momentum Reversal Indicator's (MRI) State Trend Support at $0.075.
