VeChain has been range-bound since November 2023, with very clear levels.
Key Zones
• Weekly Demand Zone: $0.019–$0.022 — major support with multiple rebounds.
• Weekly Supply Zone: $0.045–$0.055 — strong resistance dating back to early 2024.
• Midrange / HVN: ~$0.037 — heavy volume area and likely resistance if tested.
• Local Resistance: $0.027 — recent swing high + S/R since December 2023. A daily close above could mark a change of character and a shift to a bullish bias.
Possible Scenario
• With a daily close above $0.027, VET may revisit the $0.055 range high — with potential resistance at the midline along the way.
• If $0.055 is reached and followed by a sharp rejection, we might start seeing the formation of a macro Head & Shoulders — with $0.019 as a key neckline.
• Breakdown below $0.019 would activate a target near $0.0045.*
• Break above $0.055 would invalidate the H&S idea and could open the door toward $0.1150.*
* H&S scenario is purely hypothetical and would require structure confirmation.