- VeChain is forming a rounding bottom pattern, reclaiming the 9 EMA and 50 SMA, signaling a shift toward bullish momentum continuation.
- A confirmed breakout above the $0.0255–$0.0260 neckline opens targets between $0.0275 and $0.0285, aligning with recent swing high resistance.
- Momentum indicators show bullish alignment as the MACD turns positive and moving averages cross upward, supporting continued buyer strength in VET.
VeChain (VET) is showing a developing bullish reversal structure on the 4-hour chart, with price reclaiming key levels and testing neckline resistance for a possible breakout move.
Rounding Bottom Formation Takes Shape
Market observations indicate that $VET is carving out a rounding bottom on the 4-hour timeframe. This technical structure often suggests gradual accumulation as sellers lose momentum and buyers steadily regain control. The curve higher has been consistent, signaling that supply absorption is underway.
Alpha Crypto Signal shared that VET has reclaimed both the 9 EMA at $0.0252 and the 50 SMA at $0.0242. These moving averages now act as dynamic supports, reflecting strengthening short-term and medium-term alignment for bullish continuation. The steady hold above these averages adds weight to the evolving reversal pattern.
The position of the neckline resistance is in the range of $0.0255 to 0.0260. A confirmed breakout above this level would validate the rounding bottom structure and open space for higher price expansion. Provided $VET is maintained above its $0.0245 support area, the bullish bias remains in place.
Breakout Levels and Target Levels for Upside
Assuming that the neckline resistance breakout is confirmed, the breakout would measure targets to the $0.0275 to $0.0285 levels. These targets fit with earlier swing highs and are realistic target levels for continuation. Traders monitoring the setup are closely watching price behavior near this critical zone.
The broader context shows VET challenging a descending trendline that has capped rallies for several months. A decisive move through this barrier would signal a structural shift in the market, setting up the asset for trend continuation. A retest of the broken resistance as support would further strengthen the breakout case.
Support levels remain equally important in maintaining the structure. Immediate backing sits near $0.0245, while deeper protection stands around $0.0242 at the 50 SMA. A drop below these levels would weaken the pattern, although the prevailing setup still favors continuation higher.
Momentum Indicators Strengthen Bullish Case
Momentum indicators are aligning with the bullish technical picture. The MACD has crossed into positive territory, with the MACD line moving above the signal line. The histogram is also showing green momentum, pointing toward growing buying pressure.
Adding to this, a bullish moving average crossover has recently formed. The short-term moving average is now positioned above the longer-term moving average, reflecting a momentum shift that supports buyers’ control. This alignment is reinforcing the constructive setup.
VET trades at $0.02511 at the time of writing, and its 24-hour volume is 48.6 million. Despite the slight day by day decrease, the asset has registered a 6.88% increase in the last one week. . The combination of rounding bottom structure, supportive indicators, and key levels underpins a constructive technical outlook.
