According to crypto analyst Egrag, VeChain (VET) is currently in a buy zone and attempting to exit its descending channel to move into an uptrend. Egrag noted that VET has attempted to break out of the channel five times previously and could form a double bottom, which is often associated with a trend reversal and potential upside break for an asset. The analyst set up three price targets for VET to exit the channel and believes the asset is currently in a buy zone between $0.012 and $0.025. However, VET is currently trading below its 50-day and 200-day Simple Moving Averages, which could hint at a potential decline if it cannot reach higher levels.