VeChain Partners with Wanchain to Enhance Interoperability, VET Price Shows Bullish Signs

VeChain (VET) has announced a strategic collaboration with Wanchain to integrate cross-chain bridges, connecting its VeChainThor blockchain with over 40 other networks, including major players like Bitcoin (BTC) and Ethereum (ETH). This development is expected to boost liquidity and expand Decentralized Finance (DeFi) opportunities within the VeChainThor ecosystem.

Technical analysis suggests that VET is rebounding from a key support level, hinting at a potential rally.

VeChain Unlocks Cross-Chain Interoperability

VeChain has launched its first comprehensive cross-chain bridge service through a strategic partnership and integration with Wanchain, a leading decentralized blockchain interoperability solution.

“Through this integration, assets will become transferable between VeChain and over 40 leading blockchains, including Bitcoin, Ethereum, Solana, BNB Chain, Polkadot, and many more,” VeChain stated.

Furthermore, VeChain’s native tokens—VET, VTHO, and B3TR—can now move freely to other major blockchains. This partnership is a positive development for the network and its long-term price, unlocking new liquidity, utility, and use cases for the ecosystem. Following the announcement, VET experienced a slight increase of 2.28%. It continues to trade upwards, currently up by 1.5%.

VeChain Price Forecast: VET Bounces from Key Support Level

VeChain’s price faced resistance around the March 3 high of $0.033 last week, declining by 13.17% over the following five days. However, it retested and found support around its daily level at $0.027 and recovered by 3.8%. This daily support coincides with the 50-day Exponential Moving Average at $0.027, making it a key support zone. Currently, it continues to recover, trading around $0.029.

If VET continues its upward trend, it could extend the rally to retest its March 3 high of $0.033. A successful close above this level could increase gains towards its next resistance level at $0.036.

The Relative Strength Index (RSI) on the daily chart marks 56, rebounding from its neutral level of 50, indicating bullish momentum.

However, if VET falls and closes below its daily support at $0.027, it could extend the decline to retest its May 6 low of $0.023.

• VeChain partners with Wanchain to enable cross-chain interoperability with over 40 blockchains, including Bitcoin and Ethereum.
• The development is expected to improve liquidity and expand DeFi opportunities within the VeChainThor ecosystem.
• Technical analysis shows that VET is rebounding from a key support level, hinting at a potential rally.

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