VET latest news: $15M staking rewards and new partnerships boost ecosystem despite price weakness

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VeChain Slides 2.30% Today

Highlights

VeChain (VET) trades at $0.02164, down 2.30% daily and below all major moving averages, reflecting persistent technical selling pressure.
The newly launched $15 million Stargate staking pool offers up to 9% APY, incentivizing long-term holding and strengthening VeChain's ecosystem amid high-profile partnerships.
Bearish momentum dominates as VET faces resistance at $0.02378, with less than 20% probability of price increase and likely further declines unless breaking above key levels.

Long-term holding incentivized as ecosystem gains from staking incentives

The recent launch of a $15 million staking rewards pool via the Stargate program is strengthening the VET ecosystem, encouraging long-term holding by offering up to 9% APY and reducing token supply. Product upgrades aimed at improved EVM compatibility and successful cross-chain integration continue to enhance network utility and attract new partnerships, including collaborations with Franklin Templeton and Crypto.com. Additionally, recent improvements such as the VTHO distribution are optimizing enterprise transaction capabilities.

Bearish momentum persists as technical indicators show oversold conditions

Technically, VET faces dynamic resistance at the Ichimoku Kijun level near $0.02378 while support lies just below the current price at recent lows. Momentum indicators remain bearish: the MACD signals further downside risk and the ADX points to a weak trend. Daily RSI, Stochastic RSI, and CCI show oversold conditions amid continued selling pressure, as confirmed by the BBP and the Awesome Oscillator. The asset is trading in the middle of today’s low of $0.02142 and high of $0.02184, indicating low intraday volatility and a consolidative mood after early-session weakness.

Weak upside potential as price consolidates near support

For the short term, VET is likely to move sideways within the $0.02187 to $0.02266 range. The probability of a price increase is very low — less than 20% — making further declines more likely. A breakout above $0.02378 would be needed to trigger a bullish scenario, while a drop below $0.02142 could accelerate selling toward lower supports.

Anton Kharitonov, expert at Traders Union, sees VeChain’s technical landscape dominated by persistent selling pressure, with momentum and trend indicators showing no bullish reversal yet. While recent upgrades and ecosystem growth provide long-term positives, he remains cautious due to the oversold momentum and the lack of any convincing breakout above the key $0.02378 resistance. The analyst believes the probability of near-term gains is limited and expects sideways or weaker price action unless a clear reversal emerges. "As long as VET is trading below $0.02378, I see no reason to anticipate a sustained recovery — caution remains warranted."

Previously it was noted that VeChain maintained a prolonged sideways trend, with market activity largely driven by broader sentiment and technical trading in the absence of fresh catalysts. Last time we reported that the token remained in a tight consolidation phase with no major ecosystem or partnership updates.

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.