VeChain trades sideways with resistance at $0.00512 limiting upside: weekly review

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VeChain gains 1.86% this week

Highlights

VeChain remains in a pronounced bearish trend, trading below key moving averages and facing persistent selling pressure.
Weekly technical indicators show deep oversold readings but no confirmed reversal, indicating sellers still dominate momentum.
Price is expected to move sideways between $0.00420 and $0.00512, with a low probability of significant upside this week.

Bearish technical momentum persists as oversold signals fail to reverse trend

Weekly technical indicators confirm a persistently bearish structure for VET: the price is beneath all major weekly moving averages, and the nearest dynamic resistance is reinforced by the Ichimoku Kijun and key MAs. The MACD and ADX both signal strong selling momentum, while RSI, CCI, and Stochastic RSI remain deeply oversold, hinting at possible relief but with no confirmation of a trend reversal. Bull/Bear Power continues negative, and the Awesome Oscillator is neutral, providing no decisive support for buyers. Volatility was elevated at 9.82%, with VET ending the period near resistance.

Sideways range expected as strong resistance limits breakout risk this week

Looking ahead over the next 7 days, VeChain is likely to trade within a sideways corridor between $0.00420 and $0.00512, reflecting the current technical and momentum setup on the weekly chart. The probability of significant upward movement remains extremely low (less than 20%) as no major indicator signals a buy. If VET breaks above $0.00512, a brief short-term squeeze is possible, yet upside will be limited by heavy resistance. On the downside, a retreat below $0.00420 could lead to further declines and establish new lows should selling intensify.

Jainam Mehta, market strategist, sees VeChain (VET) attempting a tentative recovery this week, but notes the price remains capped under all major weekly moving averages and dynamic resistance. He observes no confirmation of an upside reversal, with momentum tools staying firmly bearish and volatility elevated. In his view, sideways movement between $0.00420 and $0.00512 looks likely while sustained selling pressure prevails. "Unless VET can break and hold above $0.00512, I see little reason to expect a meaningful rebound this week."

Earlier, analysts noted that VeChain was entrenched in a bearish trend with little sign of a near-term reversal. The latest technical signals not only reaffirm this outlook but also highlight the crucial importance of monitoring for a sustained move above $0.00512 or a breakdown below $0.00420 as triggers for the next directional shift.

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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