VeChain follows the general sentiment in the market and has experienced some relief across low timeframes. The crypto market trended below the critical support zone during the weekend but saw it bounce during today’s trading session.
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Buyers have been able to push back bears in the short term but could still face further losses. At the time of writing, VET’s price trades at $0.02 with a 2% profit in the last 24 hours and an 11% loss in the last 7 days.
VET’s price trends to the downside on the 4-hour chart. Source: VETUSDT Tradingview
Despite the downside price action for larger cryptocurrencies, VeChain has managed to preserve its value over the past