VeChain Price Analysis: VET retraces to $0.125, set to reach further highs?

TL;DR Breakdown VeChain price analysis is bullish for today.VET/USD retraced yesterday with support found around $0.125.VET prepares for another rally.  VeChain price analysis is bullish for today as the market retraced over the past 24 hours and established another higher low, around $0.125. Therefore, we expect VET/USD to start moving higher later today and reach the next resistance around the $0.15 mark. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded in the red over the last 24 hours as bearish momentum took over yesterday. Market leader, Bitcoin is down by 2.27 percent, while Ethereum is down by 2.46 percent. Solana (SOL) is still among the best performers, with a gain of over 19 percent. VeChain price movement in the last 24 hours: VeChain retraces to set another higher low VET/USD traded in a range of $0.1239 – $0.1442, indicating mild volatility over the last 24 hours. Trading volume has increased by 7.39 percent and totals $1.32 billion, while the total market capitalization trades around $8.38 billion, ranking the cryptocurrency in 22nd place overall. VET/USD 4-hour chart: VET ready to rally again? On the 4-hour chart, we can see the VeChain price rejecting further downside overnight after a strong retracement yesterday, indicating an upcoming rally. VET/USD 4-hour chart. Source: TradingView VeChain price action has seen an increase of over 150 percent over the past month. Af...