VET extends decline facing dynamic resistance at the MA-20 level: weekly report

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VeChain drops 4.98% this week

Highlights

VET trades sharply below major moving averages and faces persistent bearish momentum, reflecting sustained downside pressure.
Technical indicators show oversold conditions with strong sell signals, underscoring ongoing seller dominance and a robust downtrend.
VET is likely to consolidate between $0.0041 and $0.0055 this week, with further declines probable unless resistance at $0.0055 is breached.

Bearish momentum deepens over the week as technicals confirm oversold

Weekly technical analysis remains bearish, with VET consistently below all key W1 moving averages. The MA-20 is the closest dynamic resistance. Weekly volatility is elevated at 19.81%. All major indicators, including the MACD, ADX, Awesome Oscillator, and Bull/Bear Power, confirm strong downward momentum. Both RSI and CCI highlight oversold conditions, with the Stochastic RSI further indicating extended seller dominance.

Sideways range expected next week as downward bias persists

For the next 7 days, VET is likely to trade between $0.0041 and $0.0055, following recent weekly volatility patterns and persistent negative momentum signals. There is less than a 20% probability of a significant upward reversal. The baseline scenario is a sideways consolidation near current levels, but if downside momentum continues, a test of support at $0.0041 is probable. A reversal would require a decisive move above $0.0055, which is currently unlikely given oversold readings and trend strength.

Viktoras Karapetjanc, expert at Traders Union, sees VeChain’s weekly setup as a period of opportunity despite ongoing bearish momentum. The token has faced persistent downside pressure, trading consistently below all major moving averages and sitting in the lower end of its recent range. However, with volatility elevated and several indicators showing oversold conditions, Karapetjanc believes that capitulation risk may translate into attractive risk-reward as the week progresses. Constructive traders should watch for stabilization and the emergence of buyer interest near $0.0041, while remaining alert to any attempt above $0.0055. "With current sentiment stretched and fundamentals intact, I expect consolidation this week to provide a stronger base for renewed upside."

Earlier, analysts noted that VeChain was entrenched in a dominant bearish trend with limited prospects for a near-term reversal. Updated technicals and deeper oversold signals in the current analysis reinforce this outlook, highlighting that close attention should be paid to the $0.0041 support level as further declines may expose VET to new multi-week lows.

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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