VeChain (VET) is at a critical crossroads with its price testing a significant support level at $0.037. After a sharp decline of 11.47% over the last 24 hours, VET trades at $0.03866.

This pivotal moment follows a breakout from a lengthy descending channel, leading traders to assess whether VET can maintain its position. A failure to hold above this support line could spark further declines, prompting vigilance among investors. As the market evolves, all eyes are on VET’s next moves. Can it rebound and resume an upward trend? The coming hours are crucial.