Current VeChain ($VET) prices are showing a gradual movement within a rising channel. Key levels, trading volumes, and potential future scenarios are being analyzed.
Rising Channel Structure and Key Levels
On the 3-hour chart, VeChain is probing the lower section of a rising channel that has been active since early August. The pattern shows a sequence of higher lows, moving from $0.022 to $0.0232 and then $0.0238.
Price action has faced repeated resistance between $0.0266 and $0.0270, creating a defined range. The current trading shelf of $0.024 to $0.0245 coincides with prior demand zones. Traders describe this level as a typical “buy-the-pullback” area when the structure remains intact.
Market Activity and Volume Behavior
Trading activity has shown a contracting volume trend during the recent consolidation phase. Market observers interpret this pattern as accumulation behavior, consistent with strengthening long-term setups. Expansion in green candle volume is being watched as confirmation of renewed demand.
Analyst Altcoinpedia noted that VeChain is “camping right on the sweet spot” within its defined channel. The comments emphasize that the ongoing structure supports accumulation at current price ranges.
Long-Term Path Toward $0.10
The broader trajectory for VeChain suggests that a move to $0.10 or higher would require stronger confirmation on higher timeframes. Analysts add that weekly closes that exceed $0.032 are required in order to support a rising trend. The additional resistance bands will be found in the range between 0.042 and 0.050, and then the major pivot point of about 0.075 and 0.080. Breaking these levels would solidify the long-term structure for expansion.
The current market situation of VeChain shows promising signs, but further growth will depend on confirmations at higher timeframes and maintaining key levels.
