Heavy selling pressure — VeChain slips 7.27%

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VeChain slides 7.27% today to $0.01404

Highlights

VeChain (VET) trades at $0.01404, significantly below its MA-20, MA-50, and MA-200, indicating persistent strong selling pressure across all timeframes.
Momentum signals, including daily MACD, ADX, RSI (40.01), and the Awesome Oscillator, remain bearish with no immediate bullish divergence detected.
VET is expected to trade between $0.01270 and $0.01490 over the next 5 days, with less than a 20% probability of a price increase, favoring further downside.

Momentum weakness deepens amid oversold signals and volatility spike

Momentum signals remain negative, with both daily MACD and ADX pointing to sustained bearish momentum. RSI (40.01), Stoch RSI, and CCI all lean toward oversold readings, though not yet at extreme levels; Stoch RSI is neutral but oversold on faster timeframes, and CCI is oversold intraday. Bearish dominance prevails per Bull/Bear Power, and the Awesome Oscillator also supports the downtrend. The price dropped sharply at the open with no significant gap from the previous close, and trades near session lows of $0.01401–$0.01492, highlighting high intraday volatility and heavy downside pressure after the open. Both oscillators and trend indicators generally confirm bearish momentum, with no immediate bullish divergence visible.

Downside risk prevails with low probability of bullish reversal

Looking ahead, the expected price range for the next 5 trading days is between $0.01270 and $0.01490, adjusted to fit within a realistic volatility band. The probability of a price increase is very low (less than 20%), making further declines more likely in the coming week. In the baseline scenario, VET remains in a sideways corridor supported slightly above $0.01300. A bullish scenario would require breaking above resistance at $0.01595, which remains unlikely unless market momentum shifts substantially. In a bearish scenario, a breach below $0.01400 could open the way toward $0.01300 or lower, consistent with prevailing selling pressure and weak broader trend signals.

Viktoras Karapetjanc, senior analyst at Traders Union, sees continued weakness for VeChain (VET) in the near term. He believes that persistent selling pressure and lack of positive catalysts keep the coin under strong bearish control. Current technicals do not confirm any bullish reversal, and the price struggles to hold above $0.01400. "Momentum remains negative, but I expect stabilization near $0.01300 as sellers start to exhaust — watch for signs of sentiment recovery in coming sessions."

Previously, it was noted that VeChain remained under bearish momentum, holding below key technical indicators with sellers in control across multiple timeframes. The last update highlighted a divergence between today’s bullish price action and mostly bearish daily technical signals, raising the possibility of only a short-term corrective move.

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.