VET edges higher with price capped below MA-20 resistance: weekly forecast

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VeChain rises 0.78% this week

Highlights

VeChain trades well below key moving averages, reflecting persistent seller pressure and a dominant bearish trend.
Momentum indicators signal a strong downtrend, with most oscillators showing oversold conditions and no buy signals present.
Next week, VET is expected to consolidate between $0.00442 and $0.00555; a break below the range likely leads to further declines.

Oversold momentum dominates as negative signals intensify this week

Weekly technical signals for VET remain decisively bearish on the W1 timeframe. The MACD and ADX both indicate strong negative momentum, with the MACD deep in 'Strong Sell' territory and a high ADX reading confirming a robust downtrend. Multiple oscillators, including RSI, Stochastic RSI, and CCI, all highlight deeply oversold conditions, while both Bull/Bear Power and the Awesome Oscillator reinforce dominant selling pressure. Weekly volatility is currently at 12.55%, and the price sits just below the dynamic resistance of the MA-20.

Sideways range expected as breakout risk remains limited next week

For the next 7 days, VET is forecast to trade within a consolidation band between $0.00442 and $0.00555, based on the current weekly volatility and technical setup. There is a less than 20% probability of a sustained rebound, since none of the four main W1 indicators support Buy or Strong Buy signals — the baseline scenario remains sideways movement in the stated range. If the price breaks above $0.00555, a short-term bullish move is possible, but a drop below $0.00442 would confirm the prevailing bearish trend and likely trigger further declines.

Anton Kharitonov, expert at Traders Union, observes that VeChain (VET) remains under pressure this week, with price action capped well below all major weekly moving averages. He notes that even a mild 0.78% weekly uptick has not shifted the aggressively bearish technical setup. Key indicators like MACD, ADX, and major oscillators continue to signal a strong downtrend with oversold conditions. The analyst believes sideways trading between $0.00442 and $0.00555 is most probable in the coming week, with little support for any meaningful rebound. Unless VET breaks decisively above the upper boundary, sellers remain firmly in control. "As long as the price holds under the MA-20 and $0.00555, I see no reason to expect recovery — all main signals still warn of dominant downside risk."

Earlier, analysts noted that VeChain was showing signs of short-term bullish momentum despite warnings of overbought conditions and potential for a near-term pullback. The latest weekly analysis now underscores a firmly bearish backdrop, and traders should closely monitor the $0.00442 support level as a break below this threshold could accelerate further downside.

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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