VeChain Launches Hayabusa Upgrade Enhancing Consensus Model and Tokenomics
- Network Upgrade: VeChain's Hayabusa upgrade is now live on the mainnet, transitioning the consensus model from Proof of Authority to Delegated Proof of Stake, significantly enhancing the network's decentralization and expected to attract more user participation.
- Tokenomics Improvement: The upgrade directly impacts VET and VTHO tokens by implementing a 100% transaction fee burn mechanism, which could create deflationary pressures on VTHO, thereby enhancing the long-term value of the tokens.
- Market Projections: Industry observers anticipate that VeChain's total value locked could reach $5 billion by 2030, aligning with the company's strategic drive towards full blockchain decentralization and efficiency improvements.
- Enterprise Collaboration Assurance: This technological transformation aims to meet the needs of VeChain's extensive base of enterprise partners, ensuring continued smooth operations and scalability, thereby maintaining a competitive edge in the market.
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Technical Analysis for VET
Technical Sentiment Analysis for VeChain (VET) As of , VeChain (VET) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for VET stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, VET is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
VeChain (VET) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00402 | 0.0053 | 0.00674 | 0.00802 | 0.00946 | 0.0107 | 0.0122 |
| Fibonacci | 0.0053 | 0.00634 | 0.00698 | 0.00802 | 0.00906 | 0.0097 | 0.0107 |
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