VeChain (VET) Tests Critical Support at $0.02 Despite Bullish Institutional Adoption

Quick Take

• VET currently trading at $0.02 (-1.64% in 24h)
• VeChain’s RSI at 43.81 suggests neutral momentum with potential downside
• Hayabusa testnet launch planned for September 2025 with 30% token inflation reduction
• Franklin Templeton and BitGo partnerships signal growing institutional adoption

What’s Driving VeChain Price Today?

Despite significant institutional developments, the VET price remains under pressure at current levels. The recent announcement of VeChain’s partnership with Franklin Templeton and BitGo represents a major validation of VET as a real-world asset, yet the immediate market response has been muted.

The upcoming Hayabusa upgrade, set to debut its testnet this September, promises to reduce token inflation by 30% through enhanced fee burns and improved decentralization via Delegated Proof of Stake (DPoS). This technical advancement aims to create additional VET scarcity while improving network efficiency through new Eco Node Tiers.

VeChain’s integration into Revolut’s Crypto Earn and Learn Program exposes the project to over 60 million users worldwide, representing a substantial expansion of potential retail adoption. The project has also achieved over $100 million in Total Value Locked (TVL) with cross-chain bridges connecting to EVMs, XRP, and Solana networks.

However, the cautious market sentiment reflects traders awaiting tangible results from these initiatives rather than speculation on future potential.

VET Technical Analysis: Bearish Signals Emerge

VeChain technical analysis reveals several concerning indicators for short-term price action. VeChain’s RSI currently sits at 43.81, placing VET in neutral territory but trending toward oversold conditions. This VET RSI reading suggests limited buying pressure at current levels.

The MACD indicator shows bearish momentum with a reading of -0.0002 and a negative histogram, indicating that selling pressure continues to outweigh buying interest. VeChain’s Stochastic oscillator confirms this bearish bias with %K at 9.05, well into oversold territory.

VET’s position within the Bollinger Bands tells a critical story – trading near the lower band with a %B position of 0.1659 suggests VeChain support levels are being tested. The convergence of all major moving averages around the $0.02 level creates a significant decision point for VET price direction.

The Average True Range (ATR) indicates relatively low volatility, which could precede a significant price movement in either direction once the current consolidation phase concludes.

VeChain Price Levels: Key Support and Resistance

Based on Binance spot market data, VET faces crucial technical levels that will determine near-term price direction. The immediate VeChain support levels cluster around $0.02, representing both psychological support and the current trading range floor.

VET resistance appears most significant at $0.03, aligning with the 200-period Simple Moving Average and representing a 50% increase from current levels. This VET resistance level has proven formidable, coinciding with the Bollinger Bands upper boundary and the 52-week range midpoint.

The VET/USDT trading pair shows limited range-bound action between $0.02 support and $0.03 resistance, creating a compressed trading environment. A break below $0.02 could target the 52-week low, while a sustained move above $0.03 would invalidate the current bearish setup.

Key pivot levels for VET traders include the $0.025 midpoint, which could serve as either resistance on any bounce or support if the current range expands upward.

Should You Buy VET Now? Risk-Reward Analysis

For conservative traders, the current VET price action suggests waiting for clearer directional signals. The combination of bearish momentum indicators and proximity to support levels creates an uncertain near-term outlook despite positive fundamental developments.

Aggressive traders might consider the institutional partnerships and upcoming Hayabusa upgrade as potential catalysts for a reversal from current VeChain support levels. However, risk management becomes crucial with stops below $0.019 to limit downside exposure.

Long-term investors may view current levels as attractive given the 400% growth target to $0.0825 outlined in recent technical analysis, particularly if institutional buying accelerates above the $0.0285 threshold mentioned in the cup-and-handle pattern.

The risk-reward profile favors patient accumulation near support levels rather than aggressive buying at current prices, given the mixed technical signals and the need for fundamental catalysts to materialize into actual adoption metrics.

Conclusion

VET price remains at a critical juncture, testing support at $0.02 while institutional developments provide long-term optimism. The next 24-48 hours will likely determine whether VeChain can maintain current support levels or if further downside pressure emerges. Traders should monitor the September Hayabusa testnet launch and any signs of institutional buying activity above key resistance levels for clearer directional signals.

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