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VeChain has come up with a new tool that allows the food industry to deploy on-chain safety management solutions. It includes traceability templates. This is likely to cut the cost of certification, auditing, insurance, and supply chain financial services.
VET Price Analysis
Yesterday, VET/USD spotted around $0.0207 in the first hour, and over the next 11 hours, the price gradually escalated and touched $0.0229. However, after this escalation, the VeChain faced sharp pullback which took the price to $0.0213 by 15:00 UTC.
Later, VET coin price managed to regain the upward momentum and again marked a steady escalation. By 19:30 UTC, the currency retested $0.0228 mark but then, VeChain faced rejection and started correcting downwards. Today, the coin continued to decline and fell to the lowest of last 24 hours at $0.02008.
However, after hitting $0.020, VET/USD has started recovery and at the press time, it spotted at $0.02124. The MACD indicator shows a bearish crossover due to recent sharp pullback. As per the current momentum, VeChain might register moderate price movement and continue to hover around $0.021 price level for the near-term.
Dipayan Mitra is a dedicated Editor and Journalist in the Web3 and cryptocurrency domain with over five years of experience...
Dipayan Mitra is a dedicated Editor and Journalist in the Web3 and cryptocurrency domain with over five years of experience in the media industry. A journalism graduate, Dipayan has developed a keen interest in staying up-to-date with the latest developments in the crypto space, allowing him to offer fresh insights and expert analysis on emerging trends. Specializing in technical analysis and market trends, Dipayan is known for his ability to break down complex cryptocurrency topics and deliver them in an accessible and engaging manner. Dipayan’s work has been featured on crypto platforms such as AMBCrypto and CoinGape, where he contributes regularly with high-quality, timely content.
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Last updated August 8, 2025
