VeChain gains momentum ahead of Interstellar upgrade

VeChain (VET) has experienced a surge in price and market activity, driven by broader cryptocurrency market strength and anticipation of the upcoming Interstellar upgrade. The network is scheduled for mainnet activation on September 16.

Technical analysis indicates a bullish trend, with VET showing a recovery structure following a period of consolidation. Traders have noted a potential breakout from a falling wedge pattern, with some analysts targeting a price of $0.0080. While momentum remains positive, indicators such as the Relative Strength Index (RSI) suggest the asset has entered overbought territory.

The price movement occurs amid a general increase in crypto market risk appetite, supported by Bitcoin's performance and positive sentiment reflected in the Fear & Greed Index.