- The VeChain (VET) has formed a wave-C move on the daily chart, Fibonacci levels are projecting potential targets up to $0.133.
- Holder growth surged from 500K to 1.3M, a clear reflection of increasing wallet distribution across the VeChain ecosystem.
- Chaikin Money Flow indicates accumulation, showing net inflows and hinting at possible mid-term trend reversal signals.
VeChain ($VET) is showing signs of a comeback as $0.0105 holds and analysts are eyeing a potential wave-C surge, within the descending trendline which could spark a bigger bullish run.
Technical Patterns Signal Possible Trend Reversal
VeChain’s daily chart shows a potential wave-C move forming if price holds above $0.0105. Analysts noted that a break above the descending trendline would confirm a trend reversal as support lies at $0.0045.
The Elliott Wave and Fibonacci retracement analysis indicates a descending five-wave pattern ending near the 0.618 retracement level around $0.0109. Such formations often suggest the possibility of upward movement after corrective phases.
A bounce from this area could initiate the wave-C upward, while a breakdown below $0.0109 may shift the trend toward $0.0046.Price is currently above the support zone between $0.0109 and $0.0046, and fibonacci extensions project potential targets ranging from $0.052 to $0.133.
Holder Growth Continues Strongly
VeChain’s holder base has experienced substantial growth since 2021.Analysts on X noted that VET holders increased from 500K to around 1.3M. The network has seen steady growth and adoption of unique wallet addresses over recent years.
VeChain users grew from under 200K in 2018 to 1.5 million by late 2025,this shows accumulation and wider participation. Reaching 10 million holders this cycle would need ongoing interest, especially with the Hayabusa upgrade.
Momentum Indicators Suggest Accumulation
VeChain’s price has faced a downtrend, forming lower highs and lows. Despite this, the Chaikin Money Flow (CMF) shows an upward trend above the neutral 0 line, suggesting growing capital inflows.
The divergence between CMF and price indicates potential accumulation by larger participants while retail sentiment remains bearish. Positive CMF trends signals that buying pressure may be building under the current market and such conditions often precede trend changes.
Traders are watching for strong bullish candles to signal momentum alignment with accumulating capital flows.A breakout above the descending trendline combined with sustained CMF strength could confirm the start of a recovery.
