-15.06% for VeChain — Support breaks fuel selling pressure

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Vechain drops 15.06% today amid selloff

Highlights

VeChain (VET) dropped 15.06% to $0.01872, trading below its 20-day ($0.022659), 50-day ($0.0238198), and 200-day ($0.02434385) moving averages, signaling sustained downside pressure.
VET broke key support at $0.0228 and faced heightened volatility as technical indicators, including a bearish engulfing pattern and RSI reversal, confirmed strong bearish momentum amid broader crypto market weakness.
For the next five trading days, VET is expected to consolidate between $0.02143 and $0.02227 with under 20% probability of a rebound, as most momentum indicators remain bearish.

Bearish momentum intensifies as support breaks and volatility spikes

VET came under pressure after breaking key support near $0.0228, with technical signals such as a bearish engulfing pattern and RSI reversal reflecting growing bearish momentum. The recent 4.9% decline and test of the support cluster around $0.0224 – $0.0226 have contributed to heightened volatility for the token. The broader crypto market softness and cautious investor sentiment have added further downside pressure on VeChain.

Technical sell signals strengthen as oversold readings meet persistent selling

Technically, VET faces strong bearish momentum, as confirmed by the MACD signaling a strong sell and the Awesome Oscillator underscoring the downward trend. Despite the ADX at 26.74 generally indicating trend strength, it diverges with a slight buying bias, while RSI, Stoch RSI, and CCI all show oversold conditions. The price remains near today’s low, with sellers dominating short-term moves and volatility staying high. Resistance lies at the Ichimoku Kijun level of $0.02377.

Limited rebound prospects as consolidation caps upside and downside risks linger

For the next five trading days, VET is likely to consolidate in a sideways range between $0.02143 and $0.02227. The probability of a price rebound remains very low, below 20%, with most momentum indicators supporting further downside. A bullish reversal would require a firm break above $0.02227, while slipping below $0.02143 could expose VET to deeper losses.

Anton Kharitonov, Traders Union expert, sees continued technical and sentiment-driven headwinds for VeChain (VET), with the token trading below short- and long-term moving averages and momentum signals remaining firmly bearish. He notes that failed support at $0.0228 and a dominant seller regime leave little room for a swift recovery, as nearly all momentum indicators point to further downside while volatility stays elevated. Kharitonov remains cautious, emphasizing that only a sustained move above $0.02227 could alter the bearish outlook. "Base case remains sideways-to-lower as long as VET trades beneath $0.02227 — no clear setup for a rebound yet, so I remain defensive."

Last time, we reported that VeChain maintained a prolonged sideways trend with market activity driven by broader sentiment and technical trading in the absence of fresh catalysts. The last report highlighted that no major ecosystem or partnership updates had occurred while the token remained in a tight consolidation phase.

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.