- VeChain holds above critical $0.012 support while oversold StochRSI signals a possible short-term rebound as traders watch key resistance levels.
- Despite a 70 percent correction from early highs, VeChain shows accumulation near support with volume confirming steady market participation.
- The next resistance at $0.017682 will determine if VeChain breaks its downtrend and validates a stronger recovery beyond recent consolidation.
VeChain is navigating a crucial turning point as prices consolidate around $0.012887 after months of corrective pressure.
Analyst Dark Horseman commented, “This time price went opposite of what we planned, going for the zonal retest at $0.012 once again. On the bright side, StochRSI is extremely oversold, and that should give us a brief pump.” His remarks underline cautious optimism despite short-term setbacks.
The VeChain/Tether daily chart highlights a complete cycle from early 2025 highs to present lows. VET reached $0.028428 in January before tumbling nearly 70% to a mid-year bottom around $0.008178. Consequently, this decline erased much of the early-year rally and positioned the token within critical support zones.
Current trading remains below the 50-period Exponential Moving Average, which sits near $0.014500. Hence, bearish momentum still dominates short-term outlooks. Resistance levels align at $0.014881, $0.017682, and $0.022657, each marking prior breakdown points now acting as hurdles for recovery.
Besides, the volume profile identifies the $0.014000 zone as the most active level for price discovery. The VP-POC has stayed near this point for almost a month, confirming it as a decisive battleground. Additionally, support around $0.008178 holds firm, preventing deeper losses during extended volatility phases.
Oversold Signals and Market Sentiment
Stochastic RSI, now at 3.11, shows extreme oversold conditions. Historically, such levels spark short-term rebounds as sellers exhaust momentum. Moreover, trading volumes align with these signals. Activity spikes during major rallies and breakdowns, confirming strong market participation across cycles.
Dark Horseman also highlighted VeChain’s consistent protocol updates, reinforcing long-term bullish conviction despite present weakness. Furthermore, the consolidation above key support suggests accumulation, with traders building positions while awaiting directional clarity.
However, the next challenge lies at $0.017682. This confluence of resistance could decide whether VET regains upward momentum or faces renewed pressure. Consequently, breaking through this barrier would validate reversal signals and energize broader recovery hopes.
VeChain trades at a decisive zone, balancing between oversold recovery signals and overhead resistance. A breakout or breakdown here could define its next cycle.
