VeChain (VET) Token Experiences Slight Recovery Amid Market Correction

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VeChain’s recent upgrade to VeBetterDAO is driving a slight recovery despite market correction.
VET faces strong resistance at $0.024, with potential declines to $0.018 and $0.015 if bearish trends continue.
Technical indicators suggest possible bullish momentum for VET towards $0.036.

Amid the ongoing crypto market correction, VeChain (VET) is attempting a modest recovery from its intraday low of $0.02039. However, VET faces significant resistance at $0.024, hindering a decisive break higher.

Source: CoinMarketCap

As of press time, the price of VET stands at $0.02287, reflecting a slight drop of 1.19% from the previous day. This downturn has impacted VET’s market capitalization, pushing it down to $1.857 billion. Nevertheless, the 24-hour trading volume for VET has shown a positive trend, increasing by 21.46% to $76.597 million.

VeChain’s Upgrade with VeBetterDAO

The modest uptick in VET’s price can be traced back to VeChain’s pivotal upgrade, marked by the VeBetterDAO mainnet launch on June 28. This major update bolsters VeChain’s ecosystem by introducing innovative governance frameworks and reward systems.