VeChain’s VET token continues to trade in a narrow band, reflecting months of sideways action. The price currently sits around $0.0246, hugging the 20-week simple moving average at $0.02485.
This balanced setup signals that traders are waiting for a clear catalyst before committing to a direction.
Volatility has kept compressing ever since May. The Bollinger Bands are narrowly restricted by $0.0302 and $0.0195, a technical setup that is usually accompanied by swift movements.
On the upside, VET has near-term resistance at $0.0253, followed by $0.0276, while a large contingent of moving averages at $0.0295–$0.0297 maintains the $0.0300 level as a key ceiling to watch. Support is unchanged at $0.0220–$0.0230, with the last line of defense at $0.0195
Momentum is neutral as well. The weekly RSI remains in the 47–48 region, below the 50-line separating bullish from bearish momentum.
That first weekly close above 50 would be the first sign that buyers are gaining control. Meanwhile, the MACD indicator is unchanged close to the zero line, signaling that the market is tightening up for its next clear-cut trend.
Also Read: VeChain Price Prediction: VET $0.022 Support Could Trigger 800% Upside
For bulls, the roadmap is clear. Recapture of the $0.0255 area and then a thrust through $0.0270–$0.0280 would provide the groundwork for challenging the massive resistance barrier at $0.0305.
An affirmative weekly close through that barrier could spark a thrust to $0.0340–$0.0360, with possibilities all the way to $0.0410–$0.0430 if the trend is maintained.
Crypto analyst Cheeky Crypto has recently pointed out that there is a potential Elliot wave triangle structure developing on the daily chart. The formation, if it materializes, implies that there will be an explosive C-wave upmove that sends VET to $0.035–$0.039 in the short term.
In the longer run, accumulation data reveals persistent buying pressure from 2023 to date, with sudden bumps in late 2024. History may repeat itself, and that may sustain the rally to take VET to $0.095–$0.126 levels and target aggressive levels of $0.33–$0.77 into 2026.
A breakdown of resistance could make the scenario bearish. Rejection at the $0.0255–$0.0280 region, accompanied by a close below $0.0230, can quickly drive VET to $0.0200.
A further drop below $0.0195 would confirm a breakdown at the downside, exposing the token to $0.017–$0.018 support.
Currently, VeChain is at a crossroads. Technicals are tightly wound; the coming weeks may dictate whether the token blasts out of its months-long range.
Also Read: VeChain (VET) Price Outlook: Strong Support Points Toward $0.082 Target
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