VeChain: Negative momentum and failed rebounds trigger sharp drop

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VeChain drops 7.12% today

Highlights

VeChain traded at $0.008257, below the MA-20 ($0.00846375), MA-50 ($0.01014970), and MA-200 ($0.01673308), confirming broad-based selling pressure.
Momentum indicators are distinctly bearish, with the MACD and Stochastic RSI both generating strong sell signals and the ADX (41.89) confirming a prevailing downward trend.
Expect VeChain to drift within $0.0070–$0.0084 over the next five days, with over 80% probability of further decline unless price breaks above the Ichimoku Kijun ($0.00864500).

Entrenched bearish momentum as oscillators and averages align negative

In technical terms, VET is hovering well beneath all major moving averages, signaling entrenched bearish momentum across all key timeframes. Immediate resistance is found at the Ichimoku Kijun ($0.00864500), while support aligns just above the session's intraday lows. Momentum and oscillator readings reinforce this negative bias: the MACD flashes a strong sell, the ADX at 41.89 underscores the dominance of sellers, and the RSI levels at 43.7 indicate weak buying interest. The Stochastic RSI, while elevated, also issues a strong sell, with the Commodity Channel Index staying neutral and the Awesome Oscillator failing to confirm any trend shifts; Bull/Bear Power alone points to some fleeting buyer push but doesn't outweigh broader weakness.

Further downside risk as volatility and weak rebound prospects persist

Over the next five trading days, VET is expected to remain highly volatile, with a likely range between $0.0070 and $0.0084 based on typical volatility bands relative to current levels. There is a very high probability (over 80%) of further price declines, while prospects for a meaningful rebound are minimal. The base scenario anticipates sideways price action within this corridor as the market absorbs recent losses. A bullish breakout above the Ichimoku Kijun ($0.00864500) could spark a move to higher resistance, but the prevailing technical picture makes this outcome unlikely; a drop below $0.0070 would reinforce the bearish outlook, potentially catalyzing further declines.

Viktoras Karapetjanc, analyst at Traders Union, sees VeChain (VET) facing tough technical resistance and short-term bearish sentiment. Despite a series of strong sell signals and heavy selling pressure, he believes the asset could find a floor as the market digests recent losses. The lack of positive macro or news catalysts limits recovery potential, but volatility may offer tactical opportunities if major levels are reclaimed. "If VET can break above the Ichimoku Kijun, I see room for a rebound, but until then, the trend remains under control of the bears."

Last time, analysts noted that VeChain is experiencing short-term bullishness above its 20-day moving average, but remains under medium- and long-term pressure below key moving averages with mixed technical momentum and emerging overbought signals. The asset is expected to trade within a volatile band, with support near $0.00821 and resistance at the MA-50, as prevailing bearish indicators suggest limited upside and a higher probability of downside movement 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

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.