VeChain (VET) is enjoying a stellar run

VeChain (VET) is enjoying a stellar run. On Tuesday, the token gained over 5%, pushing its weekly rise to nearly 11%.

VeChain (VET) has had a stellar run over the past week, outpacing crypto heavyweights like Bitcoin (BTC), Solana (SOL), and Cardano (ADA). On Tuesday, the token surged by over 5%, bringing its weekly gains to nearly 11%.

As of writing, VET trades at $0.0502, showcasing a strong performance with an 11% increase over the past seven days. The token began the week at around $0.045, and a crucial resistance level was breached as prices rose above $0.0496. Now, traders and investors can anticipate further bullish momentum if VET manages to cross the 0.236 Fibonacci retracement level at approximately $0.0659 and the subsequent resistance at $0.0804.

VET/USD Chart by TradingView

Priced at $0.05, VeChain (VET) is poised to make a move towards the next resistance level at the 0.236 Fibonacci retracement around $0.0659. Breaking through this barrier would signify a near 29% gain from the current levels, and if the momentum carries on, analysts predict an eventual rally to $0.0804.

Price prediction platform CoinCodex forecasts that VeChain will reach $0.064 by the end of January. This marks a 27% leap from today's price. The platform's optimism extends further, with projections of $0.07 by February and $0.10 by March. If these predictions hold true, VET could achieve a year-high of $0.19 by December 2025, representing a staggering 280% increase from its current valuation.