VeChain is sitting in a pressure zone. Traders are watching its next move with sharp focus. A hold above $0.020 could spark an early bullish run.
A slip below it may trigger another painful leg down. The market is now balancing between both scenarios, with volume ticking higher.
Matthew Dixon, a veteran financial trader, shared that VeChain completed a major ABC corrective structure earlier this year.
According to his analysis, this places the token at a possible turning point. Either a new five-wave impulse begins, or price drifts into another drawn-out sideways phase.
#VET Impulse 1–5 completed into the Wave A top (early 2024).
followed by
ABC top around Feb 2025.
The C wave completes a large corrective Zig-Zag (5-3-5) structure.
This suggests that we are now in a new market cycle — either:
Beginning a new impulse, or entering a complex… pic.twitter.com/G62Z7LE29s— Matthew Dixon – Veteran Financial Trader (@mdtrade) August 1, 2025
The first condition for any bullish setup is clear. Price must stay between $0.020 and $0.0225, which has acted as a critical support range. Dixon pointed to a potential early Wave 1 target between $0.028 and $0.032 if that level holds.
VeChain is currently priced at $0.02331, down 3.49% in the last 24 hours, based on CoinGecko data. Trading volume jumped more than 21% in the same period, suggesting fresh activity around these levels. Over the past week, price ranged between $0.02253 and $0.02665, showing how tight the market has become.
Dixon noted that RSI is sitting at 41.6 and approaching a support level that could trigger bullish divergence. If confirmed, he projected Wave 3 targets as high as $0.038 to $0.045.
For now, traders are looking for signs of strength, but failure to hold above $0.020 could force price back to $0.017 or even $0.015.
CoinCodex predicts VeChain may climb 6.87% to $0.02453 by the end of August.
Their sentiment reading is still bearish, despite a Fear & Greed Index score of 65, which shows traders leaning optimistic. The token has posted 60% green days in the last month, with volatility at 9.66%.
If support holds and momentum builds, this could be the “early entry” zone for trend traders. If not, VeChain may stay trapped in a choppy range between $0.015 and $0.028. Right now, the market is waiting for confirmation, and no clean impulse has started yet.
The post VeChain Price Prediction: VET Bulls Defend $0.020 as Market Waits for Confirmation appeared first on Blockonomi.
