What's behind VeChain's latest 8.0% price pullback?

Traders Union
All News
Crypto
Vechain slides 8.02% today

Highlights

VET/USD trades below key moving averages, confirming sustained downward pressure across all time frames.
Momentum indicators remain bearish, with intraday price near session low and no sign of a rebound.
The expected five-day range is $0.004416 to $0.004961, with over 80% probability of further declines.

Anton Kharitonov, expert at Traders Union, sees sustained technical weakness in VeChain (VET). The asset is trading well below its moving averages, with downside momentum dominating across timeframes. Indicators like MACD and ADX show persistent bearish signals. The lack of supportive news and negative sentiment further add to skepticism. "Given the technical setup and weak sentiment, I see little reason for optimism in the short term."

Viktoras Karapetjanc, expert at Traders Union, views current price action as a near-term setback in VET's broader narrative. Despite recent declines, he notes that strong support is intact around $0.004416. Karapetjanc believes the oversold RSI could set the stage for a rebound given historical volatility. "This market offers new accumulation opportunities for patient investors — the bullish structure remains possible if $0.004961 breaks."

Sholanke Dele, market strategist, emphasizes broad market pessimism for VET. He sees the lack of news catalysts and dominant seller flows as risks, with volatility posing additional threats to stability. The failure to hold higher technical levels reinforces a defensive stance. "Until a clear catalyst or demand shift emerges, I expect further vulnerability in VET prices."

Oversold signals emerge as multi-timeframe bearish momentum dominates

VET/USD is trading well below its 20-day, 50-day, and 200-day moving averages, with recent levels at $0.0056842, $0.00703762, and $0.00615034. This configuration points to strong downward pressure over short-, medium-, and long-term horizons. The MA-50 is still above the MA-200, but near-term action remains constrained between resistance at $0.004753 and support at $0.004416. Momentum is heavily skewed to the downside. The Relative Strength Index (RSI) is in oversold territory, signaling possible selling exhaustion. The Stochastic RSI and Commodity Channel Index (CCI) are both neutral. Both the MACD and Average Directional Index (ADX) indicate persistent bearish momentum, and intraday flows are dominated by sellers according to Bull/Bear Power. VET/USD is trading close to the session low with elevated intraday volatility at 7.17% and a downside gap of about 1.25%. The intraday tone stays pressured without signs of a sustainable rebound.

Earlier, analysts noted that VeChain was experiencing persistent technical weakness amid prevailing bearish momentum. The current analysis reinforces this outlook, with continued downside pressure suggesting traders should closely monitor the $0.004416 support level for any potential break lower.

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.