Are you wondering why VET Price has struggled to maintain its upward momentum? After a strong rally, VeChain (VET) Coin faced rejection at $0.0325, causing the VeChain Price to slip back toward $0.0300. What’s behind this shift? In this analysis, we’ll look at the major events from the last 24 hours of trading, examining what is impacting the price action, and looking at important support and resistance levels to monitor. So, let’s examine the events that impacted the price in the last 24 hours and review important support and resistance levels to monitor.
VeChain (VET) Price Analysis of May 11, 2025
The VeChain price analysis over the last 24 hours exhibits a complete trend cycle that moved from strength to weakness. The VET Price opened the day near $0.0302 and stayed stable through the early morning hours. Between 00:00 and 02:30 UTC, the VET Coin moved sideways without a clear direction, trading inside a narrow range near $0.0300. By 03:00 UTC, a golden cross appeared on the MACD, followed by an RSI jump that pushed into overbought territory around 04:00 UTC. This marked the beginning of a new rally. From 05:00 to 08:00 UTC, the price climbed inside a clean upward channel, breaking above $0.0310 by 07:00 UTC. Another golden cross confirmed this trend, with strong volume pushing the price toward the $0.0320 area.
Chart 1- VET/USDT M5 Chart, Analysed By Anushri Varshney, Published on TradingView, May 11, 2025
By 10:00 UTC, the price hit resistance near $0.0325. The RSI reached overbought levels again, while the MACD showed a death cross at 11:30 UTC. This triggered a slowdown in momentum. From 12:00 to 17:00 UTC, the VET Coin entered a trading range between $0.0317 and $0.0324.
The sideways movement ended around 18:30 UTC, when sellers took control. A fresh death cross on the MACD confirmed the shift. The VET Price broke below the range support and entered a downward channel. Price declined from $0.0317 to $0.0306 by 22:00 UTC. RSI also slipped toward oversold levels during this phase, indicating strong bearish pressure. Into the late evening, VET continued to fall, bottoming out near $0.0301 by 23:45 UTC.
VET Price Slips Lower After Failing to Reclaim Key Resistance
The price continued to face downward pressure throughout May 11. After opening near $0.0306, VeChain Price moved briefly higher but failed to break above the upper trendline of the downward channel. A minor recovery attempt around 06:00 UTC stalled near $0.0308, following an earlier golden cross. However, weak momentum and a flat RSI led to renewed selling. By 09:00 UTC, the VET Coin had dropped back to $0.0303. Price action remains weak, and no strong reversal signals have formed. VET is still trading below the $0.0310 mark with sellers in control.
VeChain Price Remains Vulnerable Under $0.0310
The VET Coin closed yesterday in a confirmed downward channel, and today’s early action reflects that bearish trend. While a short-lived recovery occurred during early morning hours, resistance near $0.0308 proved too strong. The golden cross seen earlier failed to attract momentum, and RSI stayed neutral throughout the session. Without a stronger volume or a break above $0.0310, upside remains limited. On the downside, the next support lies near $0.0300 and $0.0295. If the price loses $0.0300 decisively, it could lead to a deeper correction. For bulls, a clean move above the $0.0312 area would signal strength and possibly invalidate the short-term downtrend. As it stands, the VET Price is still vulnerable, with the current structure favoring sellers unless sentiment shifts. The market remains cautious, and buyers need confirmation before making any move.
VeChain (VET) Price Analysis For May 16, 2025
The VET Coin price analysis over the last 24 hours shows a clear pattern of early weakness, mid-day strength, and late-session recovery inside a rising channel. The session started with a steady downtrend as the VET Price opened near $0.0304 during the early hours and dropped consistently through the early trading hours. By 08:00 UTC, price action formed a defined downward channel, hitting lower highs with pressure increasing after every fluctuation. RSI dropped below 30 by 02:30 UTC, confirming strong selling pressure, while MACD flipped bullish with a golden cross at 03:00 UTC. However, sellers remained in control until the price touched the session low near $0.0285 by 08:30 UTC.
At 09:00 UTC, the VeChain Price broke out sharply from the downward channel, marking the start of a bullish recovery phase. This breakout started a strong uptrend, with the price climbing steadily through the next six hours. Follow-through was confirmed as MACD printed bullish crossovers at 09:15 and 12:00 UTC, signaling continued buyer strength. RSI crossed 70 by 15:00 UTC, signaling an overbought condition as price hit the intraday high at $0.0307.
Chart 2- VET/USDT M5 Chart, Analysed By Anushri Varshney, Published on TradingView, May 16, 2025
Selling pressure returned at 16:00 UTC, beginning a sharp trend reversal. A death cross formed on the MACD at 18:00 UTC, triggering a fresh downtrend. The VET Coin retraced toward $0.0288 by 20:00 UTC. RSI dropped near 30 again, and the MACD shifted bearish briefly. A short-term bottom formed around 21:00 UTC, followed by a recovery. A golden cross reappeared at 22:00 UTC, indicating a price change. By 23:30 UTC, price action had regained structure inside a new rising channel, setting a stable start to May 16.
VET Price Consolidates After Recovery
Today, the VET Coin price analysis shows a stable range between $0.0294 and $0.0298 following yesterday’s upward channel formation. Momentum remains neutral as the VET Price trades sideways with no significant breakout. RSI is steady near 55, indicating balanced buying pressure. A golden cross formed on MACD during early Asia hours, but with low volume, follow-through remained weak. The VeChain Price needs a clean move above $0.0300 to confirm bullish continuation. Until then, the price may stay within this narrow zone. If support at $0.0291 breaks, downside pressure could increase. For now, structure favors slow consolidation with a slight bullish tilt as long as the rising channel remains intact.
VET Holds Slight Bullish Bias – What Comes Next?
The VET Coin price remains inside a rising channel after reclaiming $0.0290 support. At 06:30 UTC, the VET Price tested $0.0300 but failed to break through. RSI holds steady at 58, reflecting mild buying momentum without overbought conditions. However, volume remains weak, and no breakout has been confirmed. A clean move above $0.0300 with rising volume could send the VeChain Price toward $0.0307 or $0.0315. If the price loses $0.0291, a pullback to $0.0288 becomes likely. The setup leans slightly bullish, but without stronger buyer interest, upside may stall. For now, traders should watch the $0.0300 zone closely as it remains the key pivot for the next move.
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