VeChain price prediction: Can oversold signals stop the slide? VET drops over 7%

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VeChain drops 7.59% to $0.00937 today

Highlights

VeChain (VET) trades at $0.00937, remaining below the MA-20, MA-50, and MA-200, reflecting robust short- and long-term selling pressure.
Momentum indicators, including negative MACD, bearish ADX of 24, and an RSI of 40, signal a sustained downward trend with oversold conditions.
For the next five days, VET is expected to trade between $0.00910 and $0.01030, with resistance at $0.01146500 and a high probability of further decline.

Bearish momentum confirmed as oscillators flag oversold signals

Technically, VET faces dynamic resistance at the Ichimoku Kijun of $0.01146500, while support is positioned near today’s session low. There are no golden or death cross signals currently. Momentum indicators reinforce bearish sentiment: the MACD is negative and forecasts a sell, ADX stands at 24 and signals a defined downtrend, and Bull/Bear Power remains negative. Sentiment is further confirmed by an RSI of 40, with Stochastic RSI and CCI both pointing to oversold territory, while the Awesome Oscillator issues a sell signal.

Narrow trading range expected amid strong downside risk

Over the next five trading sessions, VET is expected to fluctuate within a typical volatility band between $0.00910 and $0.01030, reflecting recent intraday swings and heightened selling pressure. The probability of a break to the upside remains low (below 20%), with price action likely to remain rangebound unless the Ichimoku Kijun resistance at $0.01146500 is breached. A move below $0.00910 could trigger further losses given the current bearish momentum.

Viktoras Karapetjanc, expert at Traders Union, notes that VeChain’s technicals remain clearly bearish, with price stuck below all major moving averages and downside momentum confirmed by multiple indicators. However, he sees sentiment in oversold territory, which can often precede tactical rebounds even if fundamentals are lacking. Karapetjanc believes near-term risks remain skewed to the downside, but a break above $0.01146500 could trigger renewed interest from short-term traders. "I remain constructive on the longer-term potential, but for now, VET needs to reclaim the Ichimoku Kijun to shift the momentum to bullish."

Last time, analysts noted that VeChain remains under strong bearish pressure, trading below all major weekly moving averages and encountering resistance at key technical levels amid persistent selling signals from the MACD, ADX, and weak RSI. The asset shows limited rebound potential, with support near $0.00980 and upside only likely if resistance at $0.011475 is reclaimed.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.