By VeChain’s VET token rose on the day as buyers attempted to recover from recent lows, gaining about 9% over the past 24 hours alongside a 26% increase in trading volume.
The token rebounded from levels near $0.007 and was trading above $0.008 at the time of writing.
Data from CoinMarketCap showed that VET’s move reflected broader strength across major altcoins, including Uniswap and Hedera.
Uniswap’s UNI climbed above $4.20, supported by investor reaction to developments linked to BlackRock, while Hedera benefited from wider market resilience to regain support above $0.09.
Meanwhile, Bitcoin continued to face resistance in the $68,000–$70,000 range, despite signs of ongoing accumulation by large holders.
VeChain price gains amid surge in enterprise transactions
VeChain’s recent price strength has coincided with a sharp rise in enterprise activity on the network over the past week.
The momentum has also been supported by the announcement of a new partnership linked to an EU digital passport initiative, highlighting VeChain’s expanding role in real-world business applications.
The combination of higher usage and improved sentiment has raised expectations for further gains, with bullish targets emerging above the $0.010 level.
Market participants say the outlook is being reinforced by VeChain’s growth as a Web3 utility platform.
Enterprise adoption has accelerated in recent days, with rising transaction volumes pointing to a system optimised for large-scale business data sharing.
On Wednesday, the VeChain team said on X that the network had processed more than three million enterprise transactions, driven by increased product and operational data flows.
We’ve seen millions of Tx from enterprise partners in the past few days, & demonstrated the real world benefits of our Tx model.
One transaction carries many ‘sub transactions’, increasing hash efficiency, reducing fees, & boosting scalability.
Web3 with utility = VeChain $VET
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Additional support has come from progress on the Digital Product Passport (DPP) initiative.
Developed in partnership with Rekord, the programme is designed to help companies comply with the European Union’s Ecodesign for Sustainable Products Regulation.
Under the initiative, product data is anchored on VeChainThor for immutable verification, with VET playing a central role in improving supply chain transparency, authentication and sustainability reporting without disrupting legacy systems.
The integration positions VeChain as a potential infrastructure provider for global companies seeking to strengthen their presence in European markets.
VET price forecast
The technical picture for VET remains largely bearish, with many altcoins, including VeChain, falling alongside Bitcoin.
However, with on-chain data signalling growth in active addresses and transaction volume, a steady accumulation phase is underway.
Funding rates, as shown on Coinglass, have also flipped bullish.
Daily RSI is off the oversold territory line, and a classic bullish reversal setup may be forming.
In this case, a strong bounce above $0.008 following the dip to $0.007 lows will buoy buyers.
If this pushes prices to above $0.010, an energised hodler base will target previous resistance at $0.020 and potentially $0.035.
Yet, a lack of capital rotation or improved liquidity could scupper bulls’ plans.
Support levels amid new downside triggers could be at $0.006 and the all-time lows of $0.0016 hit in March 2020.
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