VeChain (VET) Holds $0.02 Despite Major VTHO Rewards Launch and Wanchain Partnership
Rebeca Moen Sep 17, 2025 17:08
VET price remains stable at $0.02 following 5.4B VTHO rewards program announcement and strategic Wanchain partnership, with neutral RSI suggesting sideways movement ahead.
Quick Take
• VET currently trading at $0.02 (-1.23% in 24h) • VeChain's RSI at 48.07 indicates neutral momentum with no clear directional bias • Major VTHO rewards program launched targeting VET stakers ahead of Hayabusa upgrade
What's Driving VeChain Price Today?
VeChain has delivered two significant developments over the past week that should theoretically support the VET price, yet the token remains consolidated around the $0.02 level. The most impactful announcement came on September 7th when VeChain launched a massive 5.48 billion VTHO incentive pool for VET stakers on the Stargate platform. This program runs through December 2025 and strategically prepares holders for the upcoming Hayabusa upgrade, which will eliminate passive VTHO generation for non-stakers.
The timing of this rewards program appears deliberate, as it encourages VET holders to actively stake their tokens rather than rely on passive rewards. This mechanism could reduce circulating supply and create upward pressure on VET price over time, though immediate market reaction has been muted.
Adding to the positive sentiment, VeChain announced a partnership with Wanchain on September 6th to enhance cross-chain capabilities for VeBetterDAO. Wanchain brings proven security credentials with over $1.5 billion in volume handled without exploits, which should strengthen VeChain's ecosystem infrastructure.
Despite these fundamentally positive developments, VET price has shown minimal volatility, suggesting the market is taking a wait-and-see approach to gauge the actual adoption and effectiveness of these initiatives.
VET Technical Analysis: Neutral Signals Emerge
VeChain technical analysis reveals a market in equilibrium with mixed signals across key indicators. VeChain's RSI sits at 48.07, positioning VET RSI firmly in neutral territory without oversold or overbought conditions. This reading suggests balanced buying and selling pressure with no immediate directional catalyst.
The VET MACD presents an interesting picture with all components at 0.0000, indicating extremely compressed price action. While the MACD histogram shows bullish momentum for VeChain, the minimal values suggest any momentum remains weak and requires confirmation from increased trading volume.
VeChain's moving averages paint a picture of extreme consolidation, with all timeframes from the 7-day SMA to the 200-day SMA converging at the $0.02 level. This convergence typically precedes significant price movements, though the direction remains unclear from moving average analysis alone.
The Stochastic oscillator shows VeChain's %K at 40.20 and %D at 43.63, both below the midpoint but not in oversold territory. This suggests modest bearish pressure without extreme conditions that might trigger a reversal.
VeChain Price Levels: Key Support and Resistance
VeChain support levels are clearly defined based on Binance spot market data, with immediate support holding at $0.02. This level has proven resilient despite recent selling pressure and aligns with the strong support zone. A break below this level could target VeChain's 52-week low, also at $0.02, making this a critical floor for VET bulls to defend.
On the upside, VET resistance appears at $0.03, representing both immediate and strong resistance according to current technical levels. This resistance zone coincides with VeChain's Bollinger Band upper boundary, creating a natural ceiling for short-term price action.
The VET/USDT pair shows limited room for movement within the current range, with VeChain's %B position at 0.4744 indicating the price sits below the middle of the Bollinger Bands. This positioning suggests VET has room to move higher within the current volatility envelope before encountering significant technical resistance.
VeChain's daily ATR reading near zero confirms the extremely low volatility environment, which often precedes more significant price movements as energy builds for a breakout in either direction.
Should You Buy VET Now? Risk-Reward Analysis
For conservative traders, the current VET price action suggests waiting for a clear breakout above $0.03 resistance or a decisive break below $0.02 support before establishing positions. The neutral VeChain technical analysis provides no clear edge for either bulls or bears at current levels.
Aggressive traders might consider the risk-reward profile attractive, given VeChain's recent positive developments and the proximity to strong support at $0.02. A long position with a stop-loss just below $0.02 offers a tight risk profile, while upside potential extends to the $0.03 resistance level.
Swing traders should monitor VET RSI for moves above 50 to confirm bullish momentum or below 30 for oversold bounce opportunities. The current RSI reading of 48.07 provides no immediate signal but positions VeChain for potential movement in either direction.
The upcoming Hayabusa upgrade timeline and VTHO rewards program adoption metrics will likely serve as fundamental catalysts that could override technical considerations. Traders should balance technical levels with these fundamental developments when sizing positions.
Conclusion
VET price remains trapped in a tight consolidation pattern despite positive fundamental developments including the major VTHO rewards program and Wanchain partnership. With VeChain's RSI in neutral territory and key support holding at $0.02, the next 24-48 hours will likely see continued sideways action unless external catalysts emerge. Traders should watch for breaks above $0.03 resistance or below $0.02 support to signal the next directional move, while monitoring how quickly VET stakers adopt the new rewards program as a leading indicator of future price direction.
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