VeChain (VET) is showing important technical signals as it approaches critical price levels. The token trades around $0.03, facing significant resistance.
Current Market Situation
The VET token is trading between $0.02 support and $0.035 resistance, indicating a consolidation phase. At $0.03, VET faces strong resistance that has repeatedly stalled gains in recent months. A breakout above this level could open targets up to $0.027, $0.034, $0.040, and potentially $0.056.
Medium-Term Trading Structure
On the medium-term chart, VET is trading within a range between $0.02 and $0.035. Resistance at $0.03 has repeatedly capped rallies, indicating ongoing challenges in maintaining upward momentum. A breakthrough above this ceiling will be necessary to establish a stronger uptrend.
Support Levels and Downside Risks
The $0.02 level remains critical for support. Buyers have repeatedly defended this level, preventing deeper corrections, however, repeated tests may weaken this support, raising the risk of sharper declines. A breakdown below $0.02 could open the path toward lower levels.
In summary, VeChain stands at an important crossroads: a breakout above $0.035 could unlock new growth opportunities, while losing the $0.02 level would amplify downside risks.
