The post VeChain (VET) Holds Critical $0.02 Support as Technical Indicators Show Mixed Signals appeared on BitcoinEthereumNews.com.

Iris Coleman
Sep 20, 2025 10:20

VET price trades at $0.02 after 4.41% decline, with bullish MACD divergence conflicting with neutral RSI readings as traders watch key support levels.

Quick Take • VET currently trading at $0.02 (-4.41% in 24h) • VeChain’s MACD histogram shows bullish momentum despite price decline • No significant news catalysts driving current price action What’s Driving VeChain Price Today? VeChain has experienced a notable 4.41% decline in the past 24 hours, bringing the VET price down to $0.02. With no significant news events reported in the past week, this price movement appears to be driven primarily by broader market sentiment and technical factors rather than fundamental developments specific to VeChain. The lack of recent catalysts has left VET vulnerable to general cryptocurrency market fluctuations. Trading volume on Binance spot reached $7,097,148 over the past 24 hours, indicating moderate investor interest despite the price decline. The VET/USDT pair has been consolidating within a tight range, with the daily high reaching $0.03 before retreating to current levels. This price action suggests that VeChain is currently in a consolidation phase, with traders waiting for either fundamental news or technical breakouts to provide clear directional signals. VET Technical Analysis: Mixed Signals Create Trading Uncertainty VeChain technical analysis reveals conflicting indicators that are creating uncertainty among traders. The most notable signal comes from VeChain’s MACD, which shows a bullish histogram reading of 0.0001, suggesting underlying momentum may be building despite the recent price decline. The MACD line at 0.0002 sits above the signal line at 0.0001, reinforcing this potentially positive momentum. However, VeChain’s RSI presents a more neutral picture at 50.73, placing VET RSI squarely in the middle ground between oversold and overbought conditions. This reading suggests that VeChain has room to…

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Filed under: News - @ September 21, 2025 3:29 am