The post VeChain Tests Key Support at $0.02 as Fed Rate Cut Optimism Fades appeared on BitcoinEthereumNews.com.

Tony Kim
Oct 17, 2025 22:54

VET price consolidates at $0.02 following last week’s 9% surge, with technical indicators showing mixed signals as traders await next catalyst for VeChain’s momentum.

Quick Take • VET trading at $0.02 (down 0.2% in 24h) • Consolidating gains from October 13th’s 9% rally driven by Fed rate cut expectations • Testing middle Bollinger Band support with RSI in neutral territory • Following broader crypto weakness as Bitcoin retreats from recent highs Market Events Driving VeChain Price Movement VeChain’s VET price is consolidating after experiencing a significant 9% surge on October 13, 2025, when analysts predicted a potential 31% rally in the coming weeks. This surge was primarily attributed to broader market recovery and anticipated Federal Reserve interest rate cuts, which typically benefit risk assets including cryptocurrencies. However, with no major VeChain-specific developments in the past 48 hours, the VET price is now trading on technical factors as the initial momentum from rate cut optimism appears to be cooling. The absence of fresh catalysts has left traders evaluating whether the recent gains can hold or if a deeper retracement is likely. The broader cryptocurrency market sentiment remains cautious, with institutional investors seemingly taking profits after the recent rally. Trading volumes on Binance spot markets show $8.48 million in 24-hour activity, indicating moderate but not exceptional interest in VeChain at current levels. VET Technical Analysis: Consolidation Phase Price Action Context VeChain technical analysis reveals VET is currently trading at all major moving averages ($0.02), suggesting a critical inflection point. The convergence of the 7-day, 20-day, 50-day, and 200-day simple moving averages at the current price level indicates a significant decision point for traders. The VET price is following Bitcoin’s recent weakness, showing correlation with the broader cryptocurrency market…

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Filed under: News - @ October 18, 2025 10:27 pm