PoA2.0 is game-changing for
Let's explore what users will need to do in a thread?? pic.twitter.com/uxulpfRc6W
— VeChain Foundation (@vechainofficial) November 7, 2022
The team pointed out that PoA 2.0 is the most significant mainnet hard fork by VeChain and will greatly improve the blockchain.
VET’s positive performance comes as the broader crypto market continues to underperform. The crypto market has lost 4% of its value over the past 24 hours, with the total cryptocurrency market cap now below $1 trillion.
has lost more than 4% of its value in the last 24 hours and is now trading below $20k for the first time in more than a week. , the second-largest cryptocurrency by market cap, is down by 5% and is trading below $1,500.
Key levels to watch
The VET/USD 4-hour chart is bullish, as VeChain has been performing well over the last 24 hours. The technical indicators show that VET is outperforming the broader crypto market.
VET/USD Chart By TradingView
The MACD line is within the positive zone, indicating that the bulls are currently in charge. The 14-day relative strength index of 57 shows that VeChain could enter the overbought region if it rallies higher.
At press time, VET is trading at $0.02629 per coin. If the bullish trend continues, VET could move past the $0.0305 resistance level over the next few hours.
However, VET could need the support of the broader crypto market to rally above the $0.03375 resistance level for the first time since August.
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