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VeChain is trading below the 20-week MA and forming a solid long-term accumulation set-up.
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Fibonacci and double-bottom targets suggest a possible rally towards $0.068 and $0.12.
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Open Interest rises 3.6%, showing increasing investor confidence in VET’s short-term prospects.
VeChain ($VET), a stock that is gaining in popularity, has quietly carved out a textbook pattern of accumulation below the 20-week moving median. Analysts like Michael van de Poppe see this as a long-term opportunity.
While the market chases short term trends, VET’s chart shows a classic double bottom formation, suggesting that patient capital is building positions.
What do the charts say about VET’s next move?
Michael van de Poppe believes that VeChain, a project with solid fundamentals, is still trading below the 20-week MA. He sees this as a strength, not a weakness. He points to historical accumulation patterns which often precede large price cycles.
VeChain formed a double bottom structure, initially near $0.015 before confirming accumulation via consolidation. Key resistance lies between $0.035-$0.04, while Fibonacci targets extend to $0.068 or $0.12, if momentum increases.
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VeChain fundamentals remain unchanged despite these technical signals. The project continues to integrate supply chain solutions in the real world and offers investors staking reward through programs such as Stargate. These incentives encourage engagement and enhance token utility. This could support long-term value growth.
What is the current market picture for VeChain?
VeChain’s current price is $0.02439. This represents a 3.99% increase over the last 24 hours and a 4.0% gain over the past week. The market capitalization is now $2.09 billion. This is backed by an circulating supply of VET worth 86 billion. The trading activity is steady, with a daily volume of more than $40 million.
Technically, the MACD shows a slight downward pressure because the MACD line is below the signal line. The narrow gap indicates that consolidation may continue or even reverse to upward movement. The RSI is at 47.98 which is a neutral zone reflecting a balance between buyers and sellers.
Is it ‘Smart Money?’ to Bet on a VET Rally
Data on derivatives can help traders to better understand the growing confidence among traders. VeChain’s total open interest has risen to $34.3million, a 3.6% rise in the last 24hours.
This increase in OI, driven by activity on exchanges such as Binance and Bybit signals that new capital has entered the market, and traders are becoming more confident in VET’s short-to medium-term potential.
Related VeChain (VET), Price Prediction 2025-2026, 2027-2028-2030
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