While the cryptocurrency market kicked off the new weekly trading session on a negative note, VeChain stole the spotlight by rising to a new all-time high slightly above $0.08.
VeChain broke out of an inverse head-and-shoulders formation on Feb. 9. This pivotal moment occurred after a two-year-long consolidation period, adding more significance to VET’s upside potential.
After successfully retesting the pattern’s neckline at $0.036 in late February, VeChain officially entered a new bullish cycle from a technical perspective.
