VET slips amid sustained negative MACD and deeply oversold CCI readings

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VeChain slips 3.18% this week

Highlights

VeChain (VET) trades at $0.007765, below all major moving averages (MA-20: $0.00909970, MA-50: $0.01046148, MA-200: $0.01725212), reflecting sustained bearish pressure.
Momentum indicators are strongly bearish with MACD, ADX signaling a sell, RSI at 34.5 nearing oversold, and intraday trading dominated by sellers.
VET's expected five-day price range is $0.00740–$0.00795, with less than a 20% probability of a sustained rise and risk of deeper declines if $0.00740 breaks.

Momentum weakens over the week amid technical oversold signals

Technical analysis for the week highlights persistent bearish momentum in VET. The price is significantly below the major moving averages (MA-20 at $0.00909970, MA-50 at $0.01046148, and MA-200 at $0.01725212), all acting as overhead resistance. The Ichimoku Kijun sits at $0.00940, offering no immediate dynamic support. Momentum indicators reinforce the negative outlook: the weekly RSI is at 34.5, approaching oversold territory, while both the MACD and ADX signal sell. The Commodity Channel Index is also deeply oversold, and Bull/Bear Power is negative, consistent with sustained selling pressure.

Rangebound outlook likely as upside breakout risk remains low

Given the prevailing W1 signals, VET is likely to remain rangebound between $0.00740 and $0.00795 over the next five to seven trading days. A sideways movement within this corridor represents the baseline scenario. There is less than a 20% probability of a breakout to the upside above $0.00795 without a marked shift in buying momentum. A breakdown below $0.00740 would open the door to further losses and confirm additional downside risk.

Parshwa Turakhiya, analyst, sees VeChain trading at a clear disadvantage after another week under sustained selling pressure. With the price holding well below all key moving averages, he notes that downside risks remain dominant and momentum continues to favor sellers. The technical picture suggests VET is likely to stay confined between $0.00740 and $0.00795 in the coming week, with a breakout in either direction looking unlikely unless sentiment shifts dramatically. "Until VET can reclaim lost levels and show early signs of buyers stepping in, I will be watching for sideways action with a strong bias to capital protection rather than chasing any rallies."

Previously it was reported that VeChain is trading at $0.008364 with a daily 11.08% rebound, though it remains below all major moving averages, indicating sustained selling pressure across both short and long-term trends. Key momentum indicators—including negative MACD, high ADX, deeply oversold RSI/CCI, and a strong downtrend on the Awesome Oscillator—underscore ongoing bearish momentum, with resistance at the Ichimoku Kijun ($0.00984) and no clear support established.

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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