VeChain (VET) has seen its market capitalization fall to $1.91 billion, placing it 79th in the rankings, as it continues a bearish trend. The cryptocurrency has experienced declines of 0.7% over the past 24 hours, 4.6% over the past week, and 8.1% over the past month. This marks a significant drop from its peak of $0.0777 in late 2024, with the asset declining for nine consecutive months due to profit-taking and macroeconomic pressures. While some analysts anticipate a potential recovery driven by expected Federal Reserve rate cuts and Bitcoin's historical October rebound, CoinCodex predicts that VET will consolidate near its current levels, with a target of $0.029 by November 29.