VeChain Price Stalls Below Key Support, Signals Bearish Momentum

VeChain’s price has struggled to hold above key support levels, indicating a bearish trend in the short term. Binance’s recent margin ratio adjustment from 60% to 40% further limited leverage and increased selling pressure on the token. This resulted in a weakening of recovery potential and a decline in trading volume. While technical signals suggest continued weakness, there is an opportunity for price to regain momentum if VeChain can move above $0.016.