VeChain (VET) Shows Signs of Potential Trend Reversal
VeChain (VET), a blockchain platform focused on supply chain traceability and enterprise solutions, is starting to show signs of a potential trend reversal after logging a solid weekly gain. Analysts expect VET to see a modest recovery in August, with Coincodex projecting a potential peak price of $0.030575 next month.
That would mean an 18.37% rally from current levels and a retest of the $0.030 zone, where the token could then encounter resistance near $0.032.
Despite the recent momentum, VET is still trading more than 90% below its $0.281 all-time high from 2021, currently sitting at $0.025. On the downside, the first critical support is at $0.02311, but the real invalidation of this bullish structure begins below $0.02171, the breakout candle that triggered this upward move.
Derivatives data from Coinglass shows VET’s trading volume down 31.70% to $62.51 million, signaling less speculative activity despite the price rebound.
Ambassador Highlights Enterprise Growth
Earlier, Crypto Yapper pointed out that VET has already climbed 43% since its last breakout and identified $0.045 as the next key resistance level. Breaking past that price could open the door for an even stronger bullish rally in August.
In an effort to spark excitement among investors, Sebastian, a well-known VeChain ambassador, made a statement about the project’s progress.
“That all-time high was reached before any of this existed: real-world adoption across the EU, US, and Asia; over $100 million in Total Value Locked (TVL); cross-chain bridges connecting EVMs, XRP, and Solana.”
He also highlighted VeChain’s enterprise-grade upgrades, Stargate activation that went live on July 1. This upgrade introduces a next-generation Non-Fungible Token (NFT) based staking platform that offers VTHO rewards to participants, along with the launch of new Eco Node Tiers designed to improve network efficiency and incentivize community engagement.
Next, the roadmap’s “Hayabusa” phase is set to debut its testnet in September 2025, further advancing VeChain’s technical capabilities. Sebastian emphasized that these developments bring full composability, no gas wars, and a cleaner, more scalable ecosystem, showing just how far VeChain has come since its early days and its previous all-time high price levels.
One of the milestones fueling this optimism is VeChain’s partnership with $1.5 trillion asset manager Franklin Templeton, which has integrated VeChain’s technology into its BENJI platform for enterprise payments.
This collaboration expands Franklin Templeton’s reach while giving VeChain-based businesses another stablecoin option to support scalable and reliable enterprise transactions.
To strengthen this initiative further, Bitgo, an institutional-grade custody provider, joined VeChain as a security partner, while Keyrock, a crypto investment firm, will bring advanced derivatives trading capabilities to the ecosystem.
Beyond institutional partnerships, VeChain has also been pushing for mass retail adoption. Its recent integration with Revolut’s Crypto Earn and Learn Program now exposes VeChain to over 60 million users worldwide, giving it unprecedented visibility in mainstream finance.
Sebastian closed his remarks with a prediction: “And when the price finally catches up to the tech? It won’t climb, it’ll detonate.”