VeChain's Current Market Standing
- •VeChain’s $VET drops below $0.0170 support, confirming continued bearish control after a key 4-hour trendline breakdown.
- •Short-term recovery remains capped under $0.0173 as traders watch the $0.0165 level for potential stabilization.
- •Market data shows $VET down 2.05% in 24 hours, with liquidity stable but sentiment weak among short-term traders.
VeChain ($VET) continues in the downward trajectory after the collapse of its 4-hour trendline support. Market trends indicate that the asset remains under pressure, with investors showing caution as bearish sentiment picks up in short-term trading sessions.
Bearish Continuation Follows Trendline Breakdown
Alpha Crypto Signal reported that $VET confirmed a bearish continuation following a clean break below its ascending 4-hour trendline. This development validated earlier warnings about weakening structure and loss of buyer strength. The breakdown occurred with increasing volume, signaling strong selling conviction among market participants.
Trading below both the 20 Exponential Moving Average (EMA) and 50 Simple Moving Average (SMA) emphasized a structural transition from accumulation to distribution. $VET’s failure to reclaim the $0.0170 mark after the breakdown established this level as new dynamic resistance. Technical behavior in such phases often favors short rallies that meet selling pressure rather than recovery.
Earlier chart patterns showed decreasing highs, indicating exhaustion in the previous uptrend. The rejection at the zone of $0.0185–$0.0190 with low volume indicated the weakening of the bullish phase. Continuation of lower closes confirmed a strong shift in market sentiment towards caution.
Market Data Shows Continued Weakness Near $0.0169
Current market data places VeChain at $0.01694, losing 2.05% over the last 24 hours, with a market capitalization of $1.45 billion. The trading volume was $35.05 million, reflecting active movement despite the decline. This data aligns with projections of bearish follow-through below $0.0170.
Price movements indicate that $VET attempted to hold support near $0.0173 but failed to sustain it amid renewed selling. The loss of that level led to intraday lows near $0.0166–$0.0168. Current consolidation around these levels suggests traders are waiting for confirmation before taking new positions.
Analyst Amin_BTC reinforced this view, stating that holding $0.0173 would have possibly initiated a rebound to $0.0189, but below it exposes the asset to correction zones near $0.0145. These findings mirror broader technical signals of continued downside danger.
Outlook and Key Support Zones Ahead
The next support cluster is highlighted between $0.0155 and $0.0150 as an area where temporary stabilization may occur. Should this range fail to hold, price extension toward $0.0142–$0.0138 becomes likely. This region aligns with historical liquidity pockets where prior buying interest emerged.
For a recovery attempt to gain strength, $VET would need to reclaim the $0.0170–$0.0173 resistance zone with consistent volume. Until then, rallies may face persistent rejection from traders protecting short-term positions. The 20 EMA remains a pivotal technical barrier defining near-term momentum.
VeChain's 85.98 billion circulating VET, which is only slightly below its high, limits upward potential fueled by scarcity. However, very high liquidity enables rapid price response, and VET is suitable for active traders managing short-term volatility. Any existing indicators still maintain a defense bias as bearish momentum prevails.