VeChain (VET) Price Outlook: Can It Reclaim Bullish Momentum?

VeChain (VET) has fallen around 15% over the past week, extending a difficult period for the token as selling pressure continues to dominate recent price action. VET is also down nearly 45% year-to-date, with the latest decline bringing the price back toward levels last seen before the strong September rally.

VET is currently trading around $0.0059 after retreating sharply from its late-September high near $0.0098. With the token now trading below several former support areas, the next move could depend on whether buyers can stabilize the price or whether the correction extends toward the major support below.

VeChain (VET) technical analysis

VETUSD - 1 Day Time Frame

VET is currently trading around $0.0059, following a sustained decline from its September high near $0.0098. The short-term structure remains under pressure, with the token forming lower highs and lower lows throughout October. The nearest resistance is now located around $0.0065, an area that previously acted as support before the latest move lower.

A sustained recovery above $0.0065 could improve the short-term picture and suggest that selling pressure is beginning to weaken. Until then, the broader corrective structure remains intact. If weakness continues, the main support area to monitor is located around $0.0044–$0.0045. This zone formed the base of the August consolidation before VET accelerated sharply higher and therefore represents an important structural level.

A sustained daily move below this area could weaken the broader setup further and increase the possibility of additional downside.

VeChain (VET) price target

The first upside target is located around $0.0065, where the nearest resistance is positioned. A sustained move above this level could strengthen the recovery and bring the next major resistance around $0.0080 into focus. This area previously acted as an important price zone during October and could attract renewed selling pressure if revisited.

If buyers manage to reclaim $0.0080, the larger resistance around $0.0098–$0.0100 could become the next significant upside target. This zone corresponds with the September high and the psychologically important $0.0100 level. On the downside, $0.0044–$0.0045 remains the main support area to watch. A continued decline toward this zone could attract buyer interest, while a sustained break below it could weaken the longer-term recovery structure.

For now, VET remains under short-term bearish pressure, with $0.0065 representing the first key level buyers would need to reclaim. A recovery above this resistance could reopen the path toward $0.0080 and eventually $0.0098–$0.0100, while continued weakness could bring the major support around $0.0044–$0.0045 into focus.

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