VET shows mixed momentum with current volatility at 10.11% as price stays below MA-20: weekly report

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VeChain gains 1.65% this week

Highlights

VeChain remains deeply below major moving averages, confirming ongoing medium and long-term bearish momentum.
Technical indicators show persistent selling pressure, oversold conditions, and weak buying interest, limiting the probability of a significant upside move.
VET is expected to trade between $0.00426 and $0.00518 next week, with heightened risk of further declines if support fails.

Bearish momentum intensifies as weekly indicators remain oversold

On the weekly (W1) chart, VeChain remains under pronounced bearish momentum. The asset has consistently closed beneath all major moving averages, with the MA-20 near-term resistance at $0.00633130 and the MA-50 and MA-200 forming overhead barriers at $0.01236552 and $0.02325093, respectively. Technical indicators reinforce this negative stance, with the MACD signaling strong downward momentum and the ADX confirming active selling. RSI, Stochastic RSI, and CCI are all oversold, indicating stretched conditions, yet Bull/Bear Power remains negative, showing sellers still dominate. Weekly volatility stood at 10.11%. Support for the week is observed near $0.00426, with resistance at $0.00518.

Downside bias expected as bearish signals limit recovery prospects

Looking ahead to the next 7 days, VeChain is expected to remain under pressure, most likely trading in a range between $0.00426 and $0.00518. Given ongoing bearish indicators and lack of clear buying signals, another sideways or slightly downward move is the baseline scenario. A break below $0.00426 could trigger further downside and intensify selling activity, while a successful move above $0.00518 would be needed to prompt a short-term relief rally. Overall, risk remains skewed to the downside, with only a low probability of a meaningful recovery.

Parshwa Turakhiya, analyst, believes VeChain spent the week anchored near oversold territory, with persistent bearish sentiment pressuring price below all key moving averages. He sees little sign of buyer conviction, as momentum and volatility indicators confirm sellers remain in control despite last week’s mild uptick. With price action constrained between $0.00426 and $0.00518, the tactical view leans toward further choppy or downward movement. Turakhiya points out that only a decisive break above resistance would shift sentiment for the coming week. "Until we see a close above $0.00518, sellers retain the advantage and ranging action is my base case for VeChain."

Earlier, analysts noted that VeChain was entrenched in a bearish trend with little indication of a near-term reversal. The latest data reinforce this ongoing negative outlook, highlighting sustained downside risk and emphasizing the importance of monitoring for a decisive break below support or above resistance as a potential signal for the next directional move.

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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