- VeChain gains momentum as Stargate launch and EU MiCAR license boost outlook.
- VET price holds firm above key support, eyes breakout above $0.03 resistance.
- MACD and RSI hint at bullish shift, signaling potential short-term price recovery.
VeChain (VET) is positioning itself as one of the most talked-about blockchain projects heading into mid-2025. According to Michaël van de Poppe, an analyst suggests with its highly anticipated Stargate launch scheduled for July 1, the project is drawing increased investor attention. The Stargate initiative marks a new chapter under VeChain’s Renaissance roadmap, aimed at significantly expanding its utility across global enterprises.
Adding to this momentum, high-profile developments such as Dana White joining as an advisor and the project’s successful bid to secure a MiCAR license in Europe are bringing VeChain into sharper focus. These strategic moves not only validate VeChain’s long-term vision but also indicate a deeper push into the regulated European blockchain space.
$VET is building up to the launch of Stargate, 1st of July, which is part of the Renaissance.
— Michaël van de Poppe (@CryptoMichNL) May 6, 2025
Big steps are being made within the ecosystem!
– Dana White has joined as advisor of #VeChain
– Obtaining the MiCAR license in Europe to accept EU companies to be using VeChain.
From… pic.twitter.com/1dAAYzruDE
Technicals Support a Rebound
VeChain as of press time is trading at $0.02648 after a daily gain of 4.43%. While it is still down slightly over the past week, technical indicators suggest growing buyer interest.
Price action reveals that VET is resting above a critical historical support zone that has previously triggered rallies. This area, previously tested in mid-2023 and again in early 2025, remains an accumulation point for bullish investors.
The MACD is nearing a bullish crossover, which could signal the beginning of a potential upward move. If this crossover confirms, it may push the price to re-test the $0.03 resistance. Moreover, the RSI sits at around 56.78, offering room for growth before hitting overbought conditions. This level further supports the case for a near-term price recovery.
Resistance Levels to Watch on May 9
The next critical resistance lies at $0.03, a level that previously halted upward momentum. If bullish pressure continues, VeChain could aim for $0.035, followed by a more formidable barrier around $0.04500 to $0.05000.
These zones have previously acted as strong ceilings during earlier rally attempts. A clean break above $0.03000 may build the confidence needed for a broader uptrend.
