VET slides further with strong bearish momentum, testing key support at $0.00650 and failing to overcome Ichimoku Kijun resistance

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VeChain falls 3.86% this week

Highlights

VeChain (VET) is trading at $0.007172, below its MA-20, MA-50, and MA-200, reflecting sustained bearish momentum across all timeframes.
Momentum indicators including MACD, ADX, RSI, and Commodity Channel Index confirm strong bearish pressure, with oversold readings and little sign of imminent reversal.
For the next five trading days, VET is expected to trade sideways within $0.00650 to $0.00770, with over an 80% probability of further downside toward $0.00650 support.

Oversold signals intensify as bearish momentum dominates this week

On the weekly timeframe, VET continues to show pronounced weakness as price stays under all major weekly moving averages. The dominant support level is located near $0.00650, with dynamic resistance set by the Ichimoku Kijun at $0.008420. Weekly oscillators confirm oversold conditions, with the RSI, Commodity Channel Index, and Stochastic RSI all signaling stretched selling, supported by bearish momentum on the MACD, ADX, and Awesome Oscillator readings.

Range-bound outlook expected as downside risk outweighs recovery prospects

For the next 5–7 trading days, VET is likely to move sideways within the $0.00650 to $0.00770 range, with more than 80% probability of further downside and little chance of a decisive recovery. A bullish move requires a close above the $0.008420 resistance, while increased selling pressure could push price to test the $0.00650 support. The most probable outcome is continued consolidation near current levels, in line with prevailing bearish weekly signals.

Anton Kharitonov, expert at Traders Union, sees VeChain locked in a firm bearish phase this week. Price remained below all major weekly moving averages, with momentum and oscillators showing strong selling pressure and persistent oversold signals. The dominant support sits near $0.00650, and the lack of positive developments confirms a weak sentiment backdrop. Kharitonov believes there is still over 80% probability of further downside in the coming week, with recovery chances remaining minimal. Base case is for VET to consolidate within the $0.00650 to $0.00770 range unless oversold conditions trigger a temporary bounce. "As long as price remains under the $0.008420 Ichimoku Kijun resistance, I do not see any credible reason to expect a reversal this week."

Previously it was reported that VeChain remains under sustained bearish pressure, trading below its major weekly moving averages with momentum indicators such as RSI, MACD, and ADX signaling continued weakness. The asset is expected to move sideways within a defined range, with key resistance at the MA-20 and Ichimoku Kijun and elevated downside risk should support at $0.00740 fail to hold.

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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