VeChain surged 15% in 24 hours and 48% since Wednesday, August 19th, driven by Bitcoin’s rally and capital rotation into altcoins. The consolidation phase below the $0.050 resistance was broken, with the local high at $0.0055 flipping to support. The Fibonacci zone between 61.8% and 78.6%, ranging from $0.00619 to $0.0073, is currently being tested, the latter level sitting approximately 10% above current prices. A breakout above $0.0081 would confirm a bullish trend shift. Despite this rebound, the long-term downtrend remains intact and traders are encouraged to take profits.
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