VeChain shows modest improvement as bearish trend dominates momentum indicators: weekly review

Traders Union
All News
Crypto
VeChain gains 3.48% this week

Highlights

VeChain trades significantly below major moving averages, indicating sustained medium- and long-term bearish momentum.
Technical indicators—MACD, ADX, RSI, and CCI—collectively point to continued selling pressure with only a minor chance of a short-term rebound.
Over the next week, VeChain is projected to remain in a $0.00439 to $0.00522 range, with downside risk prevailing barring a break above resistance.

Active blockchain deployment amid steady trading and supply expansion this week

VeChain continued to operate its VeChainThor blockchain platform, focusing on distributed governance and Internet of Things solutions across global industries. The total supply of VET stands at nearly 86 billion tokens, with ongoing trading activity on major cryptocurrency exchanges. As of July 23, VeChain reported a one-day trading volume of approximately $8.90 million and a market capitalization of around $416 million.

Bearish momentum maintained as indicators signal weak upside risks over the week

On the weekly timeframe, technical indicators confirm a bearish bias as VET remains below all major weekly moving averages, with dynamic resistance at the MA-20 ($0.00611405). The MACD is on a strong sell signal and ADX reflects a firm bearish trend, while both RSI and CCI indicate weakness but stop short of oversold levels. Stochastic RSI is turning up from low territories, suggesting minor chances for an oversold rebound, and Bull/Bear Power stays negative, pointing to persistent seller dominance. Weekly volatility sits at 8.88%, and current price action hovers near the middle of the recent range.

Rangebound trade likely as negative technicals dampen breakout odds next week

Over the next 7 days, VeChain is forecast to remain rangebound, with expected movement between the $0.00439 support and $0.00522 resistance, reflecting the current volatility and negative technical posture. Should upward momentum materialize, reclaiming and holding above $0.00522 would be needed for a bullish scenario, but this remains unlikely as momentum oscillators and trend indicators are not signaling buy conditions. The probability of a significant rally is low, while further downside remains more probable under existing conditions. The baseline scenario calls for brief rebounds within a persistent downtrend unless external factors shift sentiment.

Anton Kharitonov, expert at Traders Union, highlights that VeChain saw a modest gain this week but remains under strong medium- and long-term bearish pressure. The asset continues to trade well below key moving averages, confirming a negative technical picture. Indicators such as MACD, ADX, and negative Bull/Bear Power signal that sellers retain control. Sentiment remains weak, with no major signs of fresh institutional interest or positive inflows during the week. Kharitonov believes that rangebound trading should persist, with little probability of a sustained rally unless broader conditions improve. "As long as price stays below $0.00522 and key indicators show no bullish shift, I see no reason to expect a significant recovery in the coming week."

Earlier, analysts noted that VeChain was entrenched in a sustained bearish trend with limited signs of reversal. The latest data confirm the persistence of this negative bias, and traders should closely monitor the $0.00522 resistance for any shift in momentum or confirmation of ongoing downside risk.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.