VET Price Analysis: Accumulation Below 20-Week MA

• VeChain trades below 20-week MA, forming a strong long-term accumulation setup.
• Double-bottom and Fibonacci targets hint at possible rally toward $0.068 and $0.12.
• Open interest rises 3.6%, showing growing investor confidence in VET’s short-term outlook.

VeChain ($VET) is quietly carving out a textbook accumulation pattern below the key 20-week moving average, a setup that analysts like Michaël van de Poppe are flagging as a significant long-term opportunity. 

While the broader market chases short-term trends, VET’s chart is showing a classic double-bottom formation, suggesting patient capital is stepping in to build positions.

What Do the Charts Say About VET’s Next Move?

According to Michaël van de Poppe, projects with solid fundamentals are still trading under the 20-week MA, including VeChain. He views this as an opportunity rather than a weakness, pointing to historical accumulation patterns that often precede large price cycles. 

VeChain has formed a double-bottom structure, first near $0.015 and later confirming accumulation through consolidation. Key resistance rests between $0.035 and $0.04, while Fibonacci projections extend targets toward $0.068 and possibly $0.12 if momentum strengthens.

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Besides these technical signals, VeChain’s fundamentals remain intact. The project continues to integrate real-world supply chain solutions and offers investors staking rewards through programs like Stargate. These incentives increase engagement while enhancing token utility, which could support long-term valuation growth.

What’s the Current Market Picture for VeChain?

VeChain is currently priced at $0.02439, marking a 3.99% rise over the past 24 hours and a 4.07% gain over the week. The market capitalization now stands at $2.09 billion, backed by a circulating supply of 86 billion VET. Trading activity remains steady, with daily volume exceeding $40 million.

From a technical standpoint, the MACD indicates slight downward pressure as the MACD line remains below the signal line. However, the narrow gap suggests consolidation may continue, or even reverse into upward movement. The RSI sits at 47.98, a neutral zone that reflects balanced control between buyers and sellers.

Is ‘Smart Money’ Betting on a VET Rally?

Derivatives data provides a clearer picture of growing conviction among traders. Total open interest for VeChain has climbed to $34.3 million, marking a 3.6% increase in the last 24 hours.

This rise in OI, led by activity on exchanges like Binance and Bybit, signals that new capital is entering the market and traders are increasingly confident in VET’s short-to-medium-term potential.

Related: VeChain (VET) Price Prediction 2025, 2026, 2027, 2028-2030