- Vechain price is trading inside an ascending parallel channel on the 12-hour chart.
- A breakout above the upper boundary of the channel will lead VET to new all-time highs.
- VET has been trading inside a robust daily uptrend for the past two months.
Vechain established an all-time high at $0.121 on April 7, continuing to trade inside the daily uptrend that started in mid-February. VET bulls defended a significant support level in the past 48 hours and are now aiming for a new leg up to new all-time highs.
Vechain price primed for significant upswing if key barrier is cracked
On the 12-hour chart, Vechain has established an ascending parallel channel that can be drawn by connecting the higher highs with a trendline and the higher lows with another one.
VET/USD 12-hour chart
VET has managed to stay above the parallel channel's middle trendline and aims for a breakout of the key resistance at $0.123. After a move above the upper boundary, a new channel can be drawn, projecting the next price target at $0.14, followed by $0.16 in the long-term. There is practically no real resistance ahead as Vechain is in price discovery mode.
VET/USD 12-hour chart
To invalidate the bullish outlook, bears need to push Vechain below the middle trendline at $0.108. This breakdown will lead VET down to the parallel channel's lower boundary at $0.09, coinciding with the 50-SMA support level.
Losing this key support point would be notable, with the potential to drive Vechain price down to the 100-SMA support level, located at $0.07 at the time of writing.
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
Editors’ Picks

Lido Price Forecast: LDO eyes further gains as BitGo enables native ETH staking via Lido
Lido DAO (LDO) edges higher by over 5% at press time on Friday, extending its five consecutive days in the green. LDO gains momentum following BitGo's announcement on Thursday of native Ethereum (ETH) staking via Lido for its institutional clients.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC nears all-time high, ETH eyes $4,000, XRP sets new record
Bitcoin (BTC) price is trading above $120,000 on Friday, inching closer to its all-time high of $123,218. Ethereum (ETH) price has surged by over 20% so far this week, with bulls aiming for the $4,000 level next.

Top Crypto Gainers: Hedera, Flare, Ripple – HBAR, FLR, XRP make waves with double-digit gains
Hedera (HBAR), Flare (FLR), and Ripple (XRP) continue to extend their double-digit gains from Thursday, outperforming the broader market over the last 24 hours. The surge in altcoins aligns with Bitcoin (BTC) reclaiming the $120,000 level and an improvement in broader market sentiment.

Trump to introduce crypto to $9 trillion retirement market: Financial Times
US President Donald Trump is preparing to sign an executive order allowing 401(k) accounts to invest in cryptocurrencies as part of their retirement plans, the Financial Times reported on Thursday.

Bitcoin: BTC sets sight on fresh all-time highs after US passes key crypto bills
Bitcoin (BTC) posted a strong performance this week, hitting a new all-time high of $123,218 to start the week before consolidating around $118,000 as of Friday.

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.