- VeChain (VET) gained over 7% today as the cryptocurrency market continues its Q3 rally, with Ethereum leading at $2,600.
- VET is forming a fractal pattern that mirrors its late 2024 setup, when it surged over 300% after breaking out of a falling wedge formation.
- The token recently broke out of another falling wedge and is now approaching key resistance at the 100-day and 200-day moving averages ($0.0245 and $0.0314).
- If VET breaks above both moving averages with strong volume, it could target the $0.10+ zone, representing potential upside of over 350% from current levels.
Date: Thu, July 03, 2025 | 08:34 AM GMT
As Q3 kicks off, the cryptocurrency market continues its powerful comeback which was started from the beginning of Q2. Ethereum (ETH) is spearheading the rally, climbing over 5% today to trade near $2,600. This renewed optimism is sparking momentum across the altcoin market — and VeChain (VET) is shaping up to be one of the more exciting setups to watch.
VET has already gained more than 7% today. But beyond today’s green candle lies a much bigger story — a fractal pattern forming on the chart that mirrors one of VET’s own most explosive rallies in recent history.
Fractal Suggests Bullish Reversal Ahead
Zooming in on the daily chart, VET is now showing a near-identical setup to its late 2024 price action. At that time, VET was consolidating in a falling wedge pattern — a classic bullish reversal formation. After weeks of sideways and downward pressure, VET broke out of the wedge, cleared its 100-day and 200-day moving averages, and then surged more than 300%, topping near $0.080 and tagging its long-term ascending resistance line.
Now, the pattern appears to be repeating.
VET has again been trading inside a falling wedge and recently broke out, echoing its previous pre-rally phase. The token is now approaching the next major hurdle — the 100 and 200-day moving averages — which could determine whether history repeats itself.
What’s Next for VET?
If VET can decisively break above both the 100 MA and 200 MA (currently around $0.0245 and $0.0314), it could open the door for a massive bullish move. Based on the fractal, the target could be the long-term diagonal resistance trendline — near the $0.10+ zone, implying a potential upside of over 350% from current levels.
That said, confirmation is key. Traders should watch for strong volume and a daily close above the moving averages to validate the breakout and reduce the risk of a fakeout.
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