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- As per the Elliot Wave theory, VeChain price is eyeing the possibility of a breakout, with short-term upside targets between $0.035 and $0.039.
- Long-term accumulation trends remain positive, with historical Q4 rallies and Fibonacci projections pointing to a medium-term rally to $0.095–$0.126.
VeChain’s native token, VET, is unfolding in a narrow band that might soon yield to a sharp increase in price, as shown in Cheeky Crypto Trading’s new analysis. The Binance chart of VET/USDT on a daily basis shows that there is a complicated Elliott Wave pattern that shapes a possible triangle pattern.
In the chart, there is an evident ABCDE wave. As explained in the analysis, “We were running the idea that maybe this was some kind of Elliot wave triangle. And well, we still find ourselves getting pinched into this apex. This gives us the idea that maybe we might be looking for that next breakout to the upside pretty soon.”
Elliott Wave Setup for VeChain Price
The annotated chart shows that five sub-waves (1-5) are contained within a corrective structure. The analyst indicated that the B-wave is seen to be a triangle, which is normally followed by a powerful C-wave rally. “This C-wave could get pretty explosive. We are targeting the kind of short term, you know, $0.03529 to $0.03957,” the commentary noted.
The present VeChain price movement, which is at the level of approximately $0.025, is challenging both the resistance and support trend lines based on the previous highs and lows. Compression is triangular, and there are sideways momentum moving averages that accompany it.
Key Indicator Readings To Watch
The uncertainty is supported by technical indicators. The stochastic RSI on the day-to-day cycle is in the correction phase. The analyst cautioned that the market may still have further downside to go and could see a fake-out before making a bigger move upward.
The divergence indicator puts VeChain price at 48.63, which is slightly below 50. He added, “Anything above 50 is bullish. Anything lower than 50 is bearish. So, we’re in bearish territory, but there’s a slight tilt to the upside.”
The MACD histogram also demonstrates a lack of direction, as there are weak indications of both buyers and sellers. As explained, the market doesn’t know whether to buy, does not know whether to sell, and it is simply playing around with itself. However, the analyst believes that “something big is about to happen.”
Accumulation Trend & Targets for VET
The distribution and accumulation line indicate a long-term positive underlying, as reported by CNF. VeChain has been accumulating consistently since the end of 2023, and especially in Q4 every year. The analyst noted that on both previous occasions, periods of accumulation were followed by a major rise in price action. As the Q4 2025 gets closer, the trend might replicate.
More than just the $0.03 to $0.04 zone here, the analysis shows a medium-term resistance range of $0.095 to $0.0126, which is an important historical range. Fibonacci estimates in the long term go so far up to $0.33 to $0.77, which are a result of the past market cycles.
