VeChain (VET) Price Analysis: Bearish Pressure Easing as Momentum Shift is on the Horizon

VeChain (VET) currently trades at $0.02009, down 0.89% on the 4-hour chart, following a modest recovery from a sharp dip to $0.01843. While the bounce offers short-term relief, the broader trend remains bearish. Here’s a multi-timeframe analysis highlighting patterns, indicators, and key levels. Technical Patterns Bullish Hammer (4H): A bullish hammer formed near $0.0184, signaling potential trend exhaustion after a steep drop. The follow-up bullish candle adds weight to a short-term reversal narrative. Descending Channel Break (1H): VET had been trapped in a descending channel, with a recent breakout above $0.0195. However, the price is now retesting this zone, making it a key inflection point. Rounded Bottom Formation (15M): A rounded bottom is forming on the 15-minute chart, suggesting accumulation. A confirmed break above $0.0206 could open the path to $0.0215. Indicators Bollinger Bands: On the 4H chart, the price rebounded after breaching the lower band and is now consolidating below the midline ($0.0206). A break above this level would signal a momentum shift. MACD: The MACD has crossed above the signal line on both the 4H and 1H charts, with the histogram turning green—an early bullish signal, though currently lacking strong follow-through. RSI: RSI has climbed from oversold (below 30) to the 45–50 range, indicating fading bearish pressure. A move above 55 would confirm a stronger uptrend. Volume: Volume surged during the bounce from $0.0184, hinting at institutional interest. However, subsequent candles show declining volume, suggesting caution. Key Levels Support: $0.0184, $0.0190 Resistance: $0.0206, $0.0215, $0.0228 Fundamentals VeChain’s long-term fundamentals remain solid , with continued growth in enterprise partnerships and sustainability initiatives. However, macroeconomic uncertainty and weak retail momentum weigh on price action. Outlook If VET sustains above $0.0195, a rally toward $0.0215 is likely. A breakout above $0.0228 could extend the move. Failure to hold $0.0200, however, may drag the price back toward $0.0184. Watch MACD momentum and volume closely for confirmation of the next move. Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post VeChain (VET) Price Analysis: Bearish Pressure Easing as Momentum Shift is on the Horizon appeared first on Times Tabloid .

Source: TimesTabloid