VeChain (VET) is currently performing better than Bitcoin (BTC), XRP, and other assets in the top 10 projects by market cap. The rally comes amid a market-wide rebound with the global crypto market cap rising 1.8% to $3.54 trillion. According to CoinGecko data, VeChain (VET) has registered a 5.9% price rally in the last 24 hours, outshining BTC’s 1.8% and XRP’s 4% rally in the same time frame. Despite the recovery, VET is still trading in the red zone in the other time frames. The asset is down 10.5% in the last week, 11.9% in the 14-day charts, 36% over the previous month, and 29.9% since November 2024. Let’s discuss if VET’s price can sustain its rally and hit $0.025 next.
Can VeChain’s Price Sustain Its Rally, Or Will Prices Dip?
VeChain’s (VET) latest rally is likely due to Bitcoin (BTC) reclaiming the $103,000 price level, after briefly falling below $100,000 on Nov. 5. Investors may be buying the dip, anticipating a market reversal over the coming weeks. The rally could also be a delayed reaction to the recent 25-basis-point interest rate cut.
While VET’s rebound is commendable, it is uncertain it the rally will sustain itself. We could be experiencing a dead cat bounce, and may see further liquidations. The market is still quite fragile, and prices could swing in either direction.
Also Read: VeChain 5-Year Price Prediction: Will VET Hit $3 By 2030?
CoinCodex analysts expect VeChain’s (VET) price to consolidate around current levels for the next few weeks. The platform predicts VET will rise to $0.01976 on Dec. 27, before falling to $0.017 on Jan. 11, 2026. Nonetheless, CoinCodex does not anticipate VET to breach the $0.025 mark anytime soon.
However, despite the bearish outlook, VeChain’s (VET) RSI (relative strength index) is hovering at undervalued levels. This could signal an incoming rally. But, given the bearish market environment, investors may be cautious before making any risky investments.
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