VET Price Forecast: Carter Analyzes Bullish Falling Wedge Potential

VeChain (VET), a Layer 1 blockchain platform, has experienced a price drop of approximately 7% (~$0.022) despite positive developments like the MiCA license approval and Dana White’s involvement as an advisor. Analyst Carter believes VET could reach $0.0570 if the bullish falling wedge pattern holds. Despite recent gains, immediate technical analysis remains weak, with a low RSI (41) near the lower Bollinger Band, testing analyst predictions for a breakout.