VET shows mixed momentum amid consolidation beneath key moving averages: weekly report

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VeChain rises 0.41% this week

Highlights

VeChain (VET) maintains a bearish structure, trading below major moving averages in both medium- and long-term timeframes.
Weekly momentum and trend indicators signal sustained selling, with bears dominating and minimal upside probability below 20%.
VET is expected to consolidate between $0.00675 and $0.00775 over the next week, with a breakdown risking new local lows.

Bearish bias persists as indicators signal strong downside momentum over week

Technical analysis on the weekly chart indicates that VET is sustaining a bearish bias, with price consolidating below all key moving averages. The nearest dynamic resistance is the MA-20, while more distant resistance lies at MA-50 and MA-200. Weekly indicators reinforce this outlook: the RSI is weak at 33.48, MACD remains in strong sell mode, ADX is elevated at 30.09 showing strong downside momentum, and CCI stays in sell territory. The Stochastic RSI flags overbought conditions, reflecting a technical divergence within the negative overall structure, while Bull/Bear Power exposes continued seller dominance. The Awesome Oscillator stays neutral, confirming a muted tone. Weekly volatility reached 7.35% as VET held in the upper range after prior declines.

Sideways range favored as weak technicals limit upside in coming week

For the next seven days, VET is expected to fluctuate between $0.00675 and $0.00775, with sideways movement remaining the baseline scenario. Based on weekly indicators, the probability of a sustained upside is very low (less than 20%), as none of the key technical tools currently support a bullish reversal. A breakout above $0.00775 would target the weekly MA-20, while a break below $0.00675 may trigger further losses and establish new local lows. Overall, the asset is set to trade within a restricted range, maintaining the consolidation phase under bearish influence.

Viktoras Karapetjanc, expert at Traders Union, sees VeChain’s performance this week as confirming dominant bearish forces, yet he identifies potential for tactical opportunities should market sentiment shift. Karapetjanc notes the asset’s consolidation under all major weekly moving averages and persistent downside momentum, but emphasizes that volatility and the proximity of dynamic resistance create conditions for a swift reaction if broader macro or fundamental news emerges. He believes sideways movement between $0.00675 and $0.00775 is likely in the coming week, leaving the door open for short-term swings and recovery attempts if resistance is challenged. While the baseline is consolidation, the expert remains confident that macro-driven sentiment shifts could reward active traders watching structural breakouts. "Despite the current bearish structure, I see upside breakout potential above $0.00775 if risk appetite returns — the week offers a window for opportunistic setups in VeChain."

Earlier, analysts noted that VeChain was experiencing persistent bearish technical momentum and lacked evidence of an imminent bullish reversal. The current analysis strengthens this outlook with fresh indicator readings and highlights that traders should remain cautious for potential volatility around the lower end of the consolidation range.

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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