• Vechain price must continue to hold a critical support level to see a bullish reversal.
  • VET has been trading in a tightening range while trading volume declines.
  • A significant move is underway according to several indicators.

Vechain had a significant rebound already climbing by more than 35% since its low of $0.0346. VET managed to climb above a critical resistance level which is now acting as a robust support point. The next potential price target for the bulls would be $0.05.

Vechain price aims for $0.05 after holding key level 

On the 6-hour chart, Vechain price climbed above the 100-SMA, currently located at $0.041, and managed to hold this level several candlesticks in a row. The trading volume of VET has dropped significantly in the past 24 hours, which indicates a major move is underway. 

vet price

VET/USD 6-hour chart

The next resistance point is the high of February 24 at $0.0465. A breakout above this level should swiftly push Vechain price towards the 50-SMA at $0.05. Turning this level into a support could drive Vechain towards $0.06 in the near future.

However, if the 100-SMA fails to hold, VET would be poised for a dive towards the 200-SMA support level established currently at around $0.035.


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended Content

Editors’ Picks

HYPE drops 6% amid Eyenovia plans to establish Hyperliquid treasury

HYPE drops 6% amid Eyenovia plans to establish Hyperliquid treasury

Hyperliquid (HYPE) sustained a 6% decline on Tuesday despite Nasdaq-listed Eyenovia's (EYEN) announcement that it entered a securities purchase agreement to offer up to $50 million of its shares to establish a HYPE treasury.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP dips as US involvement in Israel-Iran conflict looms

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP dips as US involvement in Israel-Iran conflict looms

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) prices hovered around key levels on Wednesday after falling the previous day. The crypto market turned risk-averse amid growing concerns that the United States could intervene in the escalating conflict between Israel and Iran. 

Crypto market tumbles as US missile strikes over Iran: SPX, VIRTUAL, and WIF lead the losses

Crypto market tumbles as US missile strikes over Iran: SPX, VIRTUAL, and WIF lead the losses

The broader cryptocurrency market is trading in the red as the US steps into the Israel-Iran conflict. Bitcoin (BTC) trades below $105,000 at press time, while meme coins such as SPX6900 (SPX) and Dogwifhat (WIF) lead the market pullback alongside Virtuals Protocol (VIRTUAL). 

Shorts weigh on Ethereum amid whale accumulation and strong ETH ETF inflows, experts reveal why

Shorts weigh on Ethereum amid whale accumulation and strong ETH ETF inflows, experts reveal why

Ethereum (ETH) is down 2% on Wednesday amid a simultaneous growth in accumulation and short positioning across ETH futures. The divergence follows investors leveraging a delta-neutral play to scoop yield.

Bitcoin: BTC could slump to $100K amid Trump-Musk tussle

Bitcoin: BTC could slump to $100K amid Trump-Musk tussle

Bitcoin (BTC) tumbled to a low of $101,095 on Friday amid volatility in the market. The effect of the tussle between United States (US) President Donald Trump and Tesla Chief Elon Musk negatively influenced the NASDAQ and Tesla's stock price on Thursday, although both are recovering on Friday.

The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

BTC

ETH

XRP