VeChain continues to defend the $0.015 support zone despite broader sector weakness. Price remains within a tight range as volume stays low and volatility compresses. Long traders maintain higher exposure even as VET posts multi-month percentage declines.
VeChain maintains a steady structure during a period of broader market weakness, with price action holding above a key zone that has attracted repeated buyer activity. Traders are watching this area closely as VET continues to resist deeper downside pressure.
VET Holds a Critical Structural Zone
VeChain trades near $0.01583 as the token continues to defend the same structural level referenced across recent sessions. The zone has shown repeated signs of buyer interest, forming a base of steady reactions even as several altcoins move toward fresh lows.
A recent update from CryptoPulse noted that VET has maintained this area with consistency. The chart displayed firm support activity, including a sharp recovery wick in early November. That reaction created a temporary low and confirmed that demand remains active beneath the current range.
The market cap rests at $1.36B, with the price performance metric showing a modest 4-hour lift but broader multi-week declines. Despite these pressures, the daily structure remains controlled, and buyers continue defending the same horizontal area.
Price Action Shows Tight Compression
The intraday chart shows a predominantly red session, with price slipping below minor candle tops formed earlier in November. VET reached $0.01599 briefly, then slid into a sequence of lower highs that lacked strong continuation from sellers.
Trading activity remains subdued, supported by a 24-hour volume of $23.8M and low spot participation. This muted backdrop matches the tight compression developing on the chart, suggesting a period of indecision rather than rapid trend acceleration.
Though downward movement persists, the structure leans toward stability. Sellers have not forced a clean break beneath the early November wick. Instead, VET remains confined within a narrow range anchored by the same support level.
Market Positioning Shows Cautious Optimism
Performance data across extended windows presents a broader picture of long-term weakness. VET is down 8.72% over 30 days, 36.11% over 90 days, and 63.26% year-to-date. The price sits far below levels recorded in the previous cycle.
Futures activity shows heavier participation than spot markets, with $28.93M traded in 24 hours. Long traders continue to hold more exposure, with ratios on Binance at 1.3441 for accounts and 1.4522 for top traders. This positioning reflects measured optimism even as price stability remains fragile.
CryptoPulse noted that utility-focused projects show similar steadiness during the current market softness. VeChain’s consistent defense may position it for stronger movement if broader sentiment improves, though it remains in a controlled range for now.