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- VeChain shows strong bullish sentiment at 93.1%, topping Cardano and Injective, signaling rising interest.
- Price hovers near $0.024, but forecasts suggest room for growth.
VeChain (VET) has taken the lead in bullish sentiment among the top 100 cryptocurrencies, reaching 93.1% according to the latest data from CoinMarketCap. This puts it ahead of Cardano at 92.9% and Injective at 91.1%. This rise in sentiment often precedes increased price activity as more investors begin to pay attention.
VET is trading around $0.02442, reflecting a 1.33% daily increase and a 7.2% gain over the past week. Its market capitalization has reached $2.01 billion. Trading volume climbed by 25.28% to $53.01 million.
The derivatives market has also shown increased involvement. The 24-hour trading volume for VET derivatives rose by 14.25%, reaching $58 million. Open interest climbed to $96.70 million, marking a 2.49% rise. The funding rate at 0.0109% indicates a slight bias toward long positions. This suggests traders are prepared to pay extra to keep their bullish bets active.
Strong Analyst Backing and Price Forecasts Fuel Investor Confidence
VET is still far from the all-time high of $0.27, but analysts are showing renewed optimism. A prediction platform CoinCodex predicted a near-term target for VET to reach $0.031, marking slow but steady recovery.
Analyst Brain2Jene provided his analysis on the trend, stating,
VET looks poised to stabilize around current levels, potentially forming a solid bottom here. If this holds, I expect the journey to resume toward $0.04 and $0.05 in the next few weeks or months. There’s still plenty of upside ahead.
Another observer, Crypto Patel, provided the bullish outlook. Citing a breakout out of a Falling Wedge formation for the third time, he predicted a rally above trendline resistance could send the price to $0.045, a gain of 87.5% from current prices.
VET’s momentum even extends to the blockchain development activity. CNF recently reported that VeChain has now taken third spot on the development activity chart with a massive 2,400% rise. That figure further cements the bullish momentum, showing developers are actively developing the platform with further enhancements.
On-Chain Growth and Developer Momentum Strengthen VET’s Outlook
On-chain data by DeFiLlama indicate VeChain’s Total Value Locked (TVL) is now worth $5.77 million, increasing by 1.44% within 24 hours. The stablecoin market cap is valued at $287,515, while 24-hour DEX volume has touched $39,422. These metrics indicate the token’s prevalence within decentralized finance.
The VeChain team has made a public statement indicating further commitment to development: “Summer or winter, we build relentlessly. Mass adoption is the objective; VeChainThor is the protocol.” This shows that the project remains focused on long-term goals.
Sebastian.Vet, an established VeChain ambassador, has expressed his anticipation for the platform’s standing by Q1 2026. According to him, he sees VeChain as the most adopted enterprise-ready blockchain with the sole fully functional regenerative tokenomics loop. He further asserted with confidence, “Book it.”