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Key Insights:
- With a 9.10% price uptick, VeChain (VET) has ended its prolonged bearish trend, now poised for a 30% rally.
- VET’s bullish outlook could be invalid if the price falls below the $0.022 level.
- On-chain metrics reveal that 65.76% of traders are currently holding long positions, strengthening the asset’s bullish outlook.
VeChain (VET), after a prolonged struggle near a key support level, appears to be ending its bearish trend. It now seems to be poised for a massive upside rally. It’s all thanks to Bitcoin and traders who have shown strong interest in the token and helped it move out of the bearish zone.
VET Price and Current Market Sentiment
When writing, the VeChain (VET) price was trading near $0.0244. It has recorded a surge of over 9.10% in the past 24 hours.
During this period, investors and traders showed strong interest in the asset, likely due to shifts in market sentiment. As a result, VET’s trading volume jumped by 35% in the past 24 hours compared to previous days.
This increase in volume reflects growing interest. It is likely driven by a recent breakout, a price uptick, and a shift in overall market sentiment.
Expert’s Bold Prediction for Vechain (VET)
Given the current market sentiment, several optimistic and bold predictions have recently surfaced on X (formerly Twitter), garnering significant attention from investors and traders.
Recently, a crypto expert shared a post on X, noting that VeChain (VET) has been expanding within a channel pattern. In the post, the expert further stated, “The key resistance zone is 5 cents. The 15-cent area is a strong zone for sellers, where all positions should be closed!”
While closely monitoring the post, the expert made a bold prediction that the VET price could soar by 500% and may reach the $0.14 level in the future. However, the price was currently at a lower level, and it has a long way to go to achieve that target.
Meanwhile, another well-followed crypto expert shared a post on X along with a 12-hour chart.
World Of Charts suggests that the VET price has the potential to soar to the $0.035 level in the coming days.
Vechain (VET) Technical Analysis and Key Levels
According to expert technical analysis, VET appears bullish and is poised to continue its upward momentum in the coming days.
The main reason behind this speculation is the recent breakout of the descending trendline. This trendline has provided strong resistance since May 2025, along with the prolonged consolidation near a key support area.
This resistance from the trendline and the consolidation breakout appears on the daily timeframe.
Additionally, on the weekly timeframe, VET seems to be forming a bullish double-bottom price action pattern. It suggests the asset has strong upside potential.
This outlook is further strengthened by a bullish divergence, which occurs when the Relative Strength Index (RSI) forms a higher high while the price is making a lower low.
Based on recent price action and historical patterns, if VET’s upside momentum continues and the price holds above the $0.022 level, there is a strong possibility that the asset could soar by 30% and reach the $0.032 level in the near future.
Despite its impressive performance in recent days, the VET price is still trading below the 200-day Exponential Moving Average (EMA) on the daily timeframe. It indicates that the asset is still in a downtrend.
Additionally, during the Vechain (VET) price rally, the 200 EMA level could act as a hurdle for the asset.
66% VET Traders Go Long
Looking at the current market sentiment, traders have shown strong interest in the token, as revealed by the on-chain analytics firm CoinGlass.
Data shows that the Binance VETUSDT long/short ratio currently stands at 1.92. It hints that there is bullish market sentiment among traders.
Additionally, the data shows that 65.72% of traders are currently betting on long positions, while 34.28% are on short positions.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
