VeChain technical analysis: Buyer support underpins bullish momentum

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VeChain jumps 10.21% today on upgrade

Highlights

VeChain completed its Interstellar upgrade vote with 99.97% approval, modernizing its virtual machine and boosting Ethereum tool compatibility.
The reopening of Wanchain bridge and XFlows routes increases cross-chain asset transfer capacity and overall capital mobility on the network.
VET/USD is up 10.21% at $0.004857, showing short-term momentum with consolidation expected between $0.00473245 to $0.00498155.

Network upgrade approval and cross-chain reopening spur capital flows

VeChain has finalized a key governance milestone with the completion of its Interstellar upgrade vote, seeing VIP-255 achieve 99.97% approval—an event that, according to Kryptorevolution, modernizes the VeChainThor Virtual Machine and directly improves compatibility with the latest Ethereum tools. This expanded interoperability enables a smoother integration for developers and users into DeFi and decentralized applications, potentially driving greater utilization of the network. In parallel, the resumption of Wanchain bridge and XFlows routes enhances asset transfer capabilities across chains, supporting broader inflows and capital mobility.

Resistance at higher moving averages amid bullish but mixed momentum

On the technical side, VET/USD is trading above the MA-20 and MA-50 on the h1 timeframe, but remains below the MA-200 on the daily chart. The Ichimoku Kijun at $0.004657 establishes an important support level. Momentum is tilted bullishly, as MACD and ADX both generate Buy signals, while RSI’s reading of 76 and CCI’s Buy signal indicate overbought conditions. A notable divergence arises as Stochastic RSI signals Oversold, contrasting other oscillators, but Bull/Bear Power confirms buyer dominance.

High breakout odds as consolidation holds above key support

Looking ahead over the next two to three trading days, VET/USD is expected to consolidate in a range between $0.00473245 and $0.00498155. The probability for an upward move is considered very high, while the likelihood of a downside breakdown remains minimal. The primary scenario anticipates price stability within this band, with a bullish breakout likely if resistance near the upper edge is breached, whereas a decisive drop below the Ichimoku Kijun would mark a bearish turn.

Anton Kharitonov, expert at Traders Union, sees VeChain’s governance milestone and bridge reactivation as positive developments for user confidence and network interoperability. However, he notes that technical overextension and strong resistance persist, which tempers the short-term outlook. Cautious sentiment prevails as long as VET/USD trades below the higher time frame moving averages. “Until we see a sustained break above $0.00498155, I stay defensive despite improving fundamentals.”

Earlier, analysts noted that despite a short-term rally, VeChain remained under sustained long-term bearish pressure. The current technical outlook adds a new dimension, with fresh governance upgrades and interoperability developments amplifying upside potential, making a confirmed breakout above current resistance the key scenario to monitor.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.