VeChain Surges 7% as Ethereum Leads Crypto Recovery

Generated by AI AgentCoin World
Thursday, Jul 3, 2025 8:11 am ET1min read

As the third quarter of 2025 begins, the cryptocurrency market is experiencing a robust recovery that started in the second quarter.

(ETH) is leading this rally, with a 5% increase today, trading near $2,600. This renewed optimism is driving momentum across the altcoin market, with VeChain (VET) emerging as one of the most promising setups to monitor.

VET has already gained more than 7% today. However, the story extends beyond today’s gains. A fractal pattern is forming on the chart that mirrors one of VET’s most explosive rallies in recent history.

Examining the daily chart, VET is currently displaying a setup nearly identical to its late 2024 price action. During that period, VET was consolidating within a falling wedge pattern, a classic bullish reversal formation. After weeks of sideways and downward pressure, VET broke out of the wedge, surpassed its 100-day and 200-day moving averages, and then surged more than 300%, peaking near $0.080 and reaching its long-term ascending resistance line.

Now, this pattern appears to be repeating. VET has once again been trading within a falling wedge and has recently broken out, mirroring its previous pre-rally phase. The token is now approaching the next significant hurdle—the 100 and 200-day moving averages—which could determine whether history repeats itself.

If VET can decisively break above both the 100 MA and 200 MA (currently around $0.0245 and $0.0314), it could pave the way for a substantial bullish move. According to the fractal pattern, the target could be the long-term diagonal resistance trendline—near the $0.10+ zone, suggesting a potential upside of over 350% from current levels.

However, confirmation is crucial. Traders should look for strong volume and a daily close above the moving averages to validate the breakout and minimize the risk of a fakeout.