As per analysts at Cheeky Crypto, the Vechain price chart shows a recurring pattern, highlighting that the VET token could be on the verge of a similar breakout seen in 2020. The VET price has remained subdued, hovering around $0.016, which analysts describe as an accumulation phase. The token has traded within a tight range of $0.009–$0.013, forming a strong support base.
For a long time, the VeChain price has been trading around $0.016, and has been oscillating in the range between $0.009-$0.013, while forming a strong support. According to the analyst, VeChain historically moves sideways before breaking out sharply once market attention fades. He has set a near-term target of $0.10, implying a potential 5x upside from current levels, as reported by CNF.
Recent on-chain data shows increased trading volume and rising use of VTHO, VeChain’s gas token, indicating growing network activity. The entry of Krock, a global crypto market-making firm, as a validator on the VeChain network is seen as a strong signal of institutional confidence in the project’s long-term potential.
VeChain continues to expand its enterprise applications in supply chain management, logistics, and carbon tracking, reinforcing its focus on real-world adoption. Analysts suggest that VeChain could benefit from an upcoming altcoin rotation, particularly if Bitcoin consolidates after recent gains. The current phase resembles the pre-rally conditions of late 2020, when VeChain surged from fractions of a cent to an all-time high of $0.28 during the 2021 bull run.
With technical patterns, rising fundamentals, and increased institutional interest aligning, VeChain may be entering a key accumulation stage. A breakout above the $0.035–$0.05 resistance zone could confirm renewed bullish momentum and set the stage for its next major move, noted Crypto Pulse.
Crypto analyst Brian2jene has identified a potential “reversal zone” for VeChain (VET) as the token approaches key long-term support levels.
In a recent post, the analyst noted that VET’s strong bounce on October 10 originated from the 2018 long-term trendline, a level he has tracked since 2020. This trendline, combined with the $0.0130 range that ended the bear market in June 2023, suggests a possible bottom formation.
He added that the latest weekly bullish pin bar strengthens the reversal setup, with the strongest support positioned at $0.0107. According to the analyst, the critical time window for a potential turnaround falls within this month.
