Date: Mon, Aug 11, 2025 | 05:10 AM GMT
The cryptocurrency market is firmly in bullish mode as Ethereum (ETH) breaks above the $4,300 level for the first time since 2021. This 22% weekly surge has triggered a broad rally, with major altcoins — including VeChain (VET) — riding the momentum higher.
$VET has posted an impressive 11% weekly gain, but more importantly, its price chart is now flashing a harmonic pattern that could hint at its next major move.
Source: Coinmarketcap
Harmonic Pattern Hints at Potential Upside
On the daily timeframe, VET is forming a Bearish ABCD harmonic pattern — a structure that, despite its “bearish” name, typically includes a bullish CD leg before price reaches the Potential Reversal Zone (PRZ).
The pattern began with a rally from point A near $0.01832 to point B around $0.02746, followed by a pullback to point C at $0.02178, where buyers stepped in. Since then, VET has rebounded sharply and is now trading near $0.02574, indicating that the CD leg is well underway.
VeChain (VET) Daily Chart/Coinsprobe (Source: Tradingview)
A decisive push above the 100-day moving average ($0.02679) would be a key technical trigger, reinforcing the bullish outlook.
What’s Next for VET?
If momentum continues and VET clears the 100-day MA, the next upside target lies near the PRZ at the 1.195 Fibonacci extension of the BC leg, around $0.03109 — representing an approximate 21% upside from current levels.
However, failure to hold above the 100-day MA could invite a pullback toward the 200-day MA at $0.02475, which would need to act as firm support to maintain the broader bullish structure.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always perform your own research before investing in cryptocurrencies.
