VeChain (VET) Eyes $0.12 Breakout as Price Rebounds 6% From Support
Ted Hisokawa Jul 24, 2025 21:25
VET price trades at $0.03 with bullish momentum emerging after strong support bounce. Technical analysis suggests potential rally to $0.12 target level.
Quick Take
• VET currently trading at $0.03 (+2.15% in 24h) • VeChain's RSI at 52.53 shows neutral momentum with room for upside • Recent 6% price rebound confirms recovery from long-term support levels
What's Driving VeChain Price Today?
VeChain has captured market attention with a significant price rebound over the past week, gaining over 6% as the VET price confirmed recovery from crucial long-term support levels. This bullish momentum comes amid rising volume and improved funding metrics, suggesting genuine buying interest rather than speculative pumping.
The most immediate catalyst driving the VET price higher appears to be technical in nature. Analysts have identified a double-bottom formation combined with Fibonacci-based setups that point toward a potential rally to $0.12. This represents substantial upside from current levels and has energized both retail and institutional interest in VeChain.
Adding to the positive sentiment, VeChain's community remains actively engaged in discussions surrounding the recent Proof of Authority 2.0 (PoA2.0) upgrade. While this development has generated mixed reactions of hope and anxiety among users, the increased community activity typically correlates with heightened price volatility and potential breakout scenarios.
VET Technical Analysis: Bullish Signals Emerge
VeChain technical analysis reveals several encouraging indicators supporting the recent price momentum. The VET RSI currently sits at 52.53, positioning VeChain in neutral territory with ample room for upward movement before reaching overbought conditions. This suggests the current rally has sustainability rather than being overextended.
VeChain's MACD indicator shows bullish momentum with a reading of 0.0012 above the signal line at 0.0011. The positive MACD histogram of 0.0001 confirms that bullish momentum is strengthening for VeChain, supporting the thesis for continued upward price action.
The moving average structure also favors VET bulls. VeChain's current price of $0.03 sits above both the 7-day SMA and equals the 200-day SMA, indicating the asset is testing key long-term resistance. The EMA 12 at $0.03 aligning with current price levels suggests immediate support, while the EMA 26 at $0.02 provides a secondary safety net.
VeChain's Bollinger Bands present an interesting setup with the VET price trading near the upper band at $0.03. The %B position of 0.5521 indicates VeChain is positioned in the upper half of its recent trading range, supporting the breakout narrative.
VeChain Price Levels: Key Support and Resistance
Based on Binance spot market data, VeChain support levels are clearly defined with immediate support at $0.02 and strong support also at $0.02. This tight support zone suggests any pullback would likely find buyers quickly, maintaining the bullish structure.
On the upside, VET resistance appears at $0.03, which currently aligns with VeChain's trading price. A decisive break above this level on strong volume could trigger the anticipated move toward $0.12 that analysts have highlighted. The VET/USDT pair shows this resistance level has been tested multiple times, making a breakout more significant when it occurs.
VeChain's 52-week range between $0.02 and $0.08 provides additional context for potential price targets. The current VET price sits well above the yearly low but has substantial room to run toward previous highs before encountering major overhead resistance.
Should You Buy VET Now? Risk-Reward Analysis
For aggressive traders, the current VET price setup presents an attractive risk-reward scenario. Entry near $0.03 with stop-loss placement below VeChain support levels at $0.02 creates a manageable risk profile. The potential upside to $0.12 offers a favorable 4:1 reward-to-risk ratio.
Conservative investors might prefer waiting for a confirmed breakout above $0.03 resistance before entering positions. This approach sacrifices some upside potential but provides greater confirmation of the bullish thesis. Setting VeChain support levels as exit points remains crucial regardless of entry strategy.
Day traders should monitor VeChain's daily volume, which currently sits at $12.7 million on Binance spot. Increased volume above this baseline would strengthen breakout signals, while declining volume might suggest the rally is losing steam.
The VET RSI at 52.53 provides flexibility for various trading approaches. Momentum traders can enter current levels, while mean-reversion traders might wait for any pullback toward oversold conditions before accumulating VeChain positions.
Conclusion
VeChain's recent price action suggests a potential inflection point as the VET price rebounds from key support levels with improving technical indicators. The combination of bullish momentum signals, community engagement around PoA2.0 upgrade, and analyst targets of $0.12 creates a compelling setup for the next 24-48 hours. Traders should monitor the $0.03 resistance level closely, as a confirmed breakout could trigger the anticipated rally toward higher price targets.
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