VeChain (VET) Price Analysis: Breakout Potential to $0.02722 by Year-End?

VeChain (VET) has demonstrated strong upward momentum after rebounding from early August lows, currently consolidating at around $0.02503 within a rising channel on the 4-hour chart. This breakout reflects positive sentiment towards the crypto asset as it surpasses its July downtrend and builds towards significant resistance levels. Analysts attribute this bullish trajectory to expanding DeFi applications and increased institutional interest. The next 24 hours will be critical, with price needing to overcome the $0.02566 resistance for sustained upside momentum. If successful, VET could surge towards $0.02696 before year-end.