Green Initiative By VeChain Gains Traction Amidst Bullish Expectations
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Green Initiative By VeChain Gains Traction Amidst Bullish Expectations

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Azeez Mustapha

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Green Initiative By VeChain Gains Traction Amidst Bullish ExpectationsThe green initiative by VeChain gains momentum as analysts anticipate value growth. By promptly getting FSC certification and CPF endorsements and openly reporting sustainable product qualities, Shanghai Tanlian, in collaboration with VeChain, sets the bar for environmentally friendly activities. Their collaboration utilizes VeChain’s digital carbon governance for expedited FSC and CPF recognition, crucial for sustainable forestry and eco-credibility.

Adhering to Amazon’s Climate Pledge Friendly initiative increases market appeal. This illustrates blockchain’s efficiency in eco-certification, fostering sustainable business. Shanghai Tanlian aids FSC certification through digital carbon governance and commits to green advancement. VeChain’s carbon reduction mission gains momentum, with analysts anticipating VET token value growth.

VeChain Critical Levels To Watch: September 27

Green Initiative By VeChain Gains Traction Amidst Bullish Expectations The market’s downtrend seems to have ended. The impending surge appeared as the diagonal resistance failed to hold the price at the discount zone. Moreover, the Stochastic Oscillator now indicates that the market is oversold.

The downtrend began in February 2023 due to the overwhelming selling pressure at the $0.03270 resistance. However, at $0.01320 support, the bulls returned to the market. This formed a higher high on September 12, 2023.

VET/USD Critical Levels

Resistance Levels: $0.02140, $0.03270, $0.03890
Support Levels: $0.01450, $0.01320, $0.00860

Total Market Capitalization: $1.05T
VeChain Market Capitalization: $1.26B
VeChain Volume: $27M
Market Rank: #35

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