VeChain latest news: trades near lows after volatile session

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VeChain slides 7.18% to $0.01332 today

Highlights

VET trades at $0.01332, below MA-20 ($0.01563000), MA-50 ($0.01757980), and MA-200 ($0.02279300), confirming broad bearish trends across all time frames.
Daily MACD, ADX, and Awesome Oscillator all signal strong bearish momentum, reinforced by a 7.18% single-session drop to near the day's low of $0.01324.
Probability of a price increase over the next five trading days is under 20%, with the baseline scenario projecting sideways movement between $0.01200 and $0.01370.

Downward momentum confirmed as oversold signals persist below resistance

The nearest dynamic resistance is the Ichimoku Kijun level at $0.01594, while no significant support from moving averages is currently in play below the price. Momentum indicators on the daily chart remain negative, with the MACD and ADX both confirming a strong bearish trend. Oscillators such as the RSI and CCI signal oversold conditions, while the Stochastic RSI is at zero, reflecting deep oversold territory. BBP continues to point to clear seller dominance, and the Awesome Oscillator is also negative, confirming the downward trend. Overall, momentum and intraday action are aligned in a strongly bearish tone, with no clear sign of reversal.

Sideways drift expected as weak momentum limits rebound chances

For the next five trading days, VET is expected to trade in a normalized range between $0.01200 and $0.01370, centering around the current price. The probability of a price increase is very low (less than 20%), weighed down by persistent bearish signals from W1 moving averages, RSI, and MACD. The baseline scenario is a sideways movement within this range, with a bullish turn only if resistance at $0.01594 is broken, while a drop below $0.01200 could trigger new lows in line with both intraday momentum and long-term trend indicators.

Anton Kharitonov, expert at Traders Union, sees that VeChain remains under heavy bearish pressure on all major timeframes. The analyst notes that all key technical indicators confirm persistent selling and a lack of bullish momentum. He is skeptical about any near-term upside as moving average resistance stays untouched and price remains deep in oversold territory. "Until VET breaks above the $0.01594 level, I see no reason to expect a trend reversal — caution stays my priority here."

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.