-8.86% for VET — sellers keep control amid major technical pressure

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VeChain slides 8.86% today

Highlights

VeChain (VET) is trading at $0.01214, significantly below the MA-20 ($0.01431600), MA-50 ($0.01591580), and MA-200 ($0.02201085), signaling persistent multi-term selling pressure.
Momentum indicators such as MACD and ADX confirm a strong bearish trend, with an 8.86% single-day decline and price action concentrated near daily lows amid high volatility.
The next five-day expected range is $0.01090 to $0.01340 with over 80% probability of further downside unless VET breaks decisively above $0.01340 and Ichimoku resistance.

Bearish momentum and oversold signals converge amid high volatility

Technical pressures dominate for VET, with its price significantly beneath all key daily moving averages and facing dynamic resistance at the Ichimoku Kijun level ($0.01549). Momentum signals remain decisively bearish: the MACD reflects strong downward momentum, the ADX indicates a firm downtrend, and both RSI and CCI highlight persistent weakness. While the Stoch RSI on the daily chart is neutral, intraday readings point to oversold conditions, and the BBP shows continued seller control. The asset is pinned near the intraday low in a high-volatility environment, reflecting broad alignment among momentum and oscillator indicators to the downside.

Further losses likely as selling pressure outweighs rebound prospects

Over the next five trading days, VET is projected to oscillate within a $0.01090 to $0.01340 volatility band relative to current levels. The probability of extended downside remains very high, while a price rebound appears less likely unless a close above $0.01340 and Ichimoku resistance triggers renewed buying. In the baseline scenario, the token is expected to trade sideways within the lower band as selling dominates. A break below $0.01090 would point to further losses, with minimal support visible nearby.

Viktoras Karapetjanc, analyst at Traders Union, believes that despite the sharp drop and technical weakness, VET may still attract renewed buying if it reclaims key resistance. He sees persistent downside pressure, but notes that oversold intraday signals could limit further aggressive selling. Near-term action is likely to stay sideways within the established lower band unless buyers reclaim $0.01340. "Momentum is against the bulls for now, but if we see a convincing close above $0.01340, VET could surprise to the upside."

Previously it was noted that VeChain was trading below key technical indicators with sellers maintaining control across multiple timeframes. Our last coverage highlighted a divergence between today’s bullish price action and mostly bearish daily technical signals.

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.