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VeChain rose 5.7% in the last 24 hours, outperforming Bitcoin and XRP: Is the next target price 0.025 USD?

VeChain (VET) has surged 5.9% in the past 24 hours, outperforming Bitcoin's 1.8% and XRP's 4% against the backdrop of an overall market rebound, with the global market capitalization of Crypto Assets rising 1.8% to $3.54 trillion. Nevertheless, VET's weekly fall still reaches 10.5%, with a decline of 11.9% over the past 14 days and a monthly drop of 36%, down 29.9% since November 2024. Analysts attribute this rebound to Bitcoin's return to $103,000 and potential Buy the Dips, but they also warn that it might just be a temporary rebound. CoinCodex predicts that VET will enter a consolidation phase, with no breakthrough above $0.025 in the short term, while the relative strength index (RSI) indicates that VET is undervalued.

VET3.22%
BTC-1.39%
XRP-4.26%
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