VeChain slips 4.37% as sellers dominate below $0.00785 resistance

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VeChain slips 4.37% this week

Highlights

VeChain (VET) trades well below major moving averages, confirming sustained downward pressure across medium- and long-term timeframes.
Momentum indicators signal a durable bearish trend, with oscillators registering oversold and sellers retaining dominance.
VET is expected to consolidate between $0.00607 and $0.00785 over the next week, with further declines more likely than a rebound.

Bearish momentum confirmed as all indicators remain oversold this week

On the weekly chart, all major moving averages are positioned above the current price, with the MA-20 and MA-50 acting as dynamic resistance levels. Support levels are identified at $0.00607, while resistance stands near $0.00785. Weekly technical indicators, including a strongly negative MACD and ADX, confirm a sustained bearish trend. The weekly RSI, Stochastic RSI, and CCI are all in oversold territory, and Bull/Bear Power continues to indicate seller dominance, aligning with the ongoing downward momentum.

Sideways consolidation expected as oversold signals limit further selling

For the upcoming 5–7 trading days, VET is likely to move within a range of $0.00607 to $0.00785. The prevailing outlook favors sideways consolidation, as oversold readings may curb further aggressive selling, but no significant buy signals have emerged. Should upward momentum materialize, a close above $0.00785 could challenge higher resistances, but the probability remains below 20%. Renewed selling pressure risks driving the asset below $0.00607 and extending the current bearish trend.

Viktoras Karapetjanc, analyst at Traders Union, sees VeChain’s week as a constructive signal even amid deep bearish pressure. He believes macro conditions and oversold indicators now set the stage for tactical opportunities as VET consolidates. Although resistance at $0.00785 remains formidable, high volatility and persistent sell dominance could soon draw interest from buyers ready to exploit value zones. Karapetjanc looks for any improvement in global sentiment or inflows to tip the market towards a stronger recovery bid. "With oversold signals in place, I see this week as a chance to watch for bullish momentum building — a break above $0.00785 could quickly reignite long-term optimism."

Last time, analysts noted that VeChain remains under bearish pressure, trading below key moving averages with persistent negative momentum, as confirmed by weak MACD and ADX readings alongside oversold RSI and CCI levels. Support is seen near $0.00640, while resistance aligns with the Ichimoku Kijun at $0.007765, with any rebound considered unlikely barring a break above key resistance.

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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