VeChain (VET) has broken above a long-term bearish trendline and is showing bullish momentum, with an analyst target at $0.25315; rising RSI, positive MACD crossover and surging volume support a recovery while $0.020–$0.022 remains critical support.
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Breakout confirmed above a multi-year descending trendline
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Immediate resistance: $0.030; next zones at $0.035–$0.040
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On-chain and chart indicators show increasing buyer control; volume jumped to 425.76M
VeChain breakout: VET clears multi-year bearish trend, targets $0.25315 — read the technical outlook and trade levels now.
What is the VeChain (VET) breakout and why does it matter?
VeChain (VET) breakout refers to VET moving decisively above a descending trendline that capped its decline since late 2021. This technical shift signals a change in structure: buyers have begun regaining control, supported by higher volume and bullish momentum indicators.
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How did VET break the multi-year bearish structure?
VET produced lower highs and lower lows through late 2021–2022, forming a descending trendline. Mid-2023 price action cleared that line, followed by a rally into the $0.046–$0.050 area and then consolidation between $0.020–$0.030. The recent move above the former resistance trendline confirms the structural change.
How high could VET rise after this breakout?
Analyst Javon Marks projects an upside target at $0.25315, which would represent a substantial increase from current levels. Shorter-term targets to monitor are $0.030, $0.035–$0.040, with $0.020–$0.022 acting as key support to maintain bullish momentum.
What do indicators and volume show?
RSI sits around 60.32, indicating strengthening momentum without overbought conditions. The MACD line (0.00029) has crossed above its signal line (0.00021), producing a positive histogram. Trading volume jumped to 425.76M from earlier 85.83M, reinforcing the breakout thesis.
When will the breakout be confirmed or invalidated?
Confirmation: a sustained close above $0.030 with increasing volume would validate a shift from consolidation to an extended uptrend. Invalidation: a decisive break below $0.020–$0.022 would undermine the recovery and reopen downside risk.
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Resistance and support: what levels should traders watch?
- Immediate resistance: $0.030
- Secondary resistance: $0.035–$0.040
- Key support: $0.020–$0.022
- Long-term upside target: $0.25315 (analyst projection)
How to interpret the trading volume spike?
Volume increasing from ~85.83M to 425.76M signals higher participation and conviction among buyers. When volume confirms price moves, breakouts are more likely to hold; diverging volume (price up, volume down) would be a warning sign.
VeChain breaks above a long term bearish pattern as analyst predicts momentum toward $0.25315, with RSI and MACD showing strength.
VeChain (VET) has entered a decisive trading point after breaking above a long term bearish structure, according to analyst Javon Marks. The analyst noted that VET has sustained levels above a former resistance trendline, which had defined its prolonged decline since late 2021.
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With this breakout in place, Marks noted a potential upside target at $0.25315. This would represent an increase of more than 840% from current levels if the projected move unfolds. Market action suggests early signs of recovery, yet the path is defined by key resistance zones.
Why did VET trade in a prolonged downtrend?
From late 2021, VET formed a series of lower highs and lower lows, capped by a descending trendline that contained rallies. Macroeconomic headwinds for crypto and decreasing momentum contributed to the extended consolidation and downtrend through 2022–2023.
Resistance Levels and Market Outlook
At press time, VET was trading at $0.02657 after posting a daily gain of 3.18%. Trading volume has increased sharply, reaching 425.76M, compared with 85.83M in earlier sessions. Price movement continues to meet rejection near $0.0300, a level that has capped multiple rallies in recent months.
VET/USDT 1-day price chart, Source: TradingView
Above this, the next resistance is at $0.0350–$0.0400 and the long term target to the upside is at $0.25315. Support between $0.020–$0.022 is key in terms of maintaining bullish momentum. A break below here would undermine the recovery process.
Indicators Show Strengthening Momentum
Momentum indicators support the current bullish attempt. RSI is at 60.32, which is a sign of increasing strength without breaching the overbought line. Meanwhile, the MACD line at 0.00029 has crossed above its signal line at 0.00021 to create a positive histogram.
Together with rising trading volume, these readings indicate growing buyer control. However, analysts point to $0.0300 as the immediate test. A breakout above this zone would confirm a change from consolidation to a broader uptrend, leading toward higher resistance targets.
Frequently Asked Questions
What timeframe confirms a valid breakout for VeChain?
A valid breakout is confirmed by a daily close above $0.030 with higher-than-average volume and sustained follow-through over several sessions. Confirmation on weekly charts strengthens the case for a longer-term trend change.
How should traders manage risk around the breakout?
Traders should use defined stop-loss levels below $0.020–$0.022 and scale positions as momentum confirms. Monitor volume and indicator divergence to manage position sizing and risk exposure.
Key Takeaways
- Structural change: VET cleared a multi-year descending trendline, signaling a potential trend reversal.
- Momentum supportive: RSI ~60 and a positive MACD crossover, plus a sharp volume increase, back the breakout.
- Trade plan: Watch $0.030 for confirmation; protect positions with stops below $0.020–$0.022.
Conclusion
VeChain’s breakout above a long-term bearish trendline marks a meaningful shift in market structure, supported by volume and momentum indicators. Traders and investors should watch $0.030 as the immediate confirmation level, with $0.020–$0.022 as critical support. COINOTAG will continue monitoring on-chain signals and price action for updates.
Source: https://en.coinotag.com/vechain-vet-breakout-may-point-to-upside-toward-0-25315-as-rsi-macd-show-strength/
