VET weekly forecast: price rally meets resistance at $0.011475

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VeChain rises 1.57% this week

Highlights

VeChain (VET) is trading at $0.010039, below its MA-20, MA-50, and MA-200 averages, signaling sustained bearish pressure across all timeframes.
Bearish momentum dominates as MACD, ADX, and Awesome Oscillator indicate selling, while RSI (35.35), CCI (-123), and Stochastic RSI (0.04) confirm oversold conditions.
Key support for VET lies near $0.00980, while resistance sits at the Ichimoku Kijun ($0.011475); the next five-day range is expected between $0.00980 and $0.01070.

Bearish momentum intensifies amid oversold weekly signals

On the weekly chart, VET remains pressured under all key W1 moving averages, with the Ichimoku Kijun level ($0.011475) acting as dynamic resistance. Primary support is located near the week's intraday low. Weekly technical indicators signal strong bearish momentum: the MACD and ADX both forecast a sell, the RSI is weak at 35.35, and both the Commodity Channel Index (-123) and Stochastic RSI (0.04) flag oversold conditions, hinting at stretched downside. The Awesome Oscillator and Bull/Bear Power further confirm persistent selling pressure throughout the week.

Downside risk persists as weekly outlook sees limited rebound

Looking ahead, VET is expected to trade within a range of $0.00980 to $0.01070 over the next five to seven trading days. Weekly technical signals remain firmly bearish, suggesting a low probability of a sustained rebound and an increased risk of further declines. The baseline scenario is for sideways movement inside this corridor, while a rally above the $0.011475 resistance would be required to confirm upside potential. Failure to hold $0.00980 could extend the downtrend.

Anton Kharitonov, expert at Traders Union, sees VeChain locked in a persistent downtrend after another weak week. The asset closed well below all key weekly moving averages and offered no signs of buyer strength. Technical signals, including MACD, ADX, and RSI, remain clearly bearish, with oscillators pointing to oversold conditions but no firm reversal signals. Kharitonov believes the lack of positive sentiment or technical triggers limits any rebound potential in the coming week. His base case is for sideways movement with ongoing downside risk if $0.00980 fails to hold. "As long as VeChain trades below the $0.011475 resistance, I remain cautious and see no reason to expect a recovery this week."

Previously it was reported that VeChain continued to exhibit strong bearish momentum, closing the week well below its key weekly moving averages amid persistently weak technical indicators, including a deeply oversold RSI and a sell-biased MACD. Despite positive ecosystem developments, the asset remains confined to a narrow range, with limited signs of reversal and downside pressure favored in the near term.

Source of Data: VET Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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