TLDR:

VeChain’s Stargate staking launches July 1 with high APYs and early staking bonuses.
Technical charts show bullish pin-bar reversal at $0.0276 support on VET’s daily timeframe.
Breaking $0.0325 could push VET toward $0.0385 and $0.0461 in rapid upward momentum.
Institutional backing and reduced token supply may drive long-term price growth for VET.

VeChain appears poised for price movement as multiple catalysts align for VET holders. The blockchain platform’s upcoming Stargate staking program launches alongside bullish technical indicators that suggest an imminent breakout. 

Crypto analysts are pointing to key support levels holding strong while institutional backing continues to grow. Market watchers believe the combination of reduced supply and increased demand could drive substantial gains. These fundamental developments and technical strengths position VET as a crypto to watch.

VeChain Stargate Staking Program Set to Launch July 1st

VeChain’s highly anticipated Stargate staking program officially launches on July 1st, requiring only 10,000 VET tokens for participation. 

Crypto analyst Michaël van de Poppe highlighted the program’s enhanced benefits compared to current staking options. The new system offers greater APY returns and provides a special bonus for the first six months of staking.

After a strong period of fundamental growth & updates, $VET is gearing up for Stargate.

Stargate is the new staking program, which launches on July 1st.

– Only 10.000 $VET are required on July 1st to join the program.
– A greater APY vs. the current staking model
– A bonus for… pic.twitter.com/bkwX2DC9jN

— Michaël van de Poppe (@CryptoMichNL) May 28, 2025

Van de Poppe noted that the timing aligns perfectly with VET’s price stabilization at higher timeframe support levels. The staking program could significantly reduce VET’s circulating supply as holders lock up tokens for rewards. This mechanism has historically driven price appreciation in other altcoins implementing similar programs.

Trader Brain2jene identified a bullish pin-bar formation on VET’s daily chart at the critical $0.0276 support zone. This technical pattern occurred right at the daily trendline, creating what analysts consider a strong reversal signal. 

Pin-bar formations typically indicate intense buying pressure after downtrends, often preceding significant upward movements. The analysis suggests that breaking above $0.0325 could trigger rapid price advancement toward $0.0385 and $0.0461 targets. 

$VET chart says it all!

A bullish pin-bar formed right on the daily trendline and within our key purple support zone near $0.0276 > strong technical signal.

A break above $0.0325 on the daily would open the door toward $0.0385 and $0.0461 targets very soon.

The up-wave is… pic.twitter.com/tRFxGFoGkI

— Brain2jene (@brain2jene) May 27, 2025

Brain2jene emphasized that the upward wave might arrive sooner than many market participants expect. The technical setup aligns with VeChain’s fundamental developments, creating multiple reasons for optimism.

VET Price Action and Market Performance

VeChain trades at $0.02784, according to CoinGecko data at press time. Besides, the token has a 24-hour trading volume reaching $48,994,586.

The price reflects a 2.00% decline over the past day and a 2.14% drop across the previous week. Despite recent short-term weakness, the current price level sits near the crucial support zone identified by technical analysts.

VeChain Price on CoinGecko

The proximity to key support levels as fundamental catalysts approach suggests potential for a price recovery. VeChain’s ecosystem continues expanding through partnerships with major corporations like Walmart and BMW. The dual-token model utilizing VET for payments and VTHO for transaction fees creates sustained demand for both tokens within the network.

The post VeChain’s Upcoming Stargate Staking Launch Could Trigger Major VET Price Rally appeared first on Blockonomi.

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Filed under: Bitcoin - @ May 28, 2025 2:24 pm