Nearing January 25, 2025, VeChain (VET) is trading near critical levels, reflecting a balance between potential breakout and consolidation.
VeChain Eyes Key Resistance Levels
In recent sessions, VeChain has seen notable price movements, climbing to $0.0498 on January 23. The immediate resistance zone at $0.0525 is critical for potential upside, as breaking this level could push VET toward $0.055 or higher. Meanwhile, support at $0.045 and $0.043 continues to hold firm, providing stability for traders navigating this range.
On the daily chart, VeChain remains above its 20-day EMA ($0.0483) and 50-day EMA ($0.0487), signaling growing short-term buying interest. However, the 100-day EMA ($0.0515) poses a key challenge, and crossing it would signal a stronger bullish trend. Accumulation patterns suggest traders are positioning for a potential move beyond this level.
Technical Indicators Signal Bullish Momentum
The MACD on both the 30-minute and daily charts shows a bullish crossover, with the MACD line moving above the signal line. This, combined with an expanding histogram, indicates increasing buying pressure. Additionally, the RSI on the 4-hour chart stands at 53, suggesting neutral conditions with room for further gains.
Trendline analysis supports a bullish case, as VeChain recently broke above a descending trendline on the 4-hour chart. Fibonacci retracement levels add further validation, with the 38.2% retracement at $0.052 acting as immediate resistance and the 61.8% retracement at $0.058 marking the next potential target.
Related: What’s Next for US-Made Cryptos? Price Prediction for XRP, Solana, and ONDO in February 2025
Scenarios for January 25
Bullish Case
If VeChain breaks above $0.0525 with strong volume, it could target $0.055 in the short term. Continued bullish momentum could see the price testing $0.058, representing a key resistance level last observed during earlier market rallies.
Related: VET Gains 90% in December; Analyst Sees $0.63 in 100 Days
Bearish Case
If VET fails to hold above $0.048, the price could retreat to $0.045 or $0.043. These levels are expected to act as strong support, limiting further downside risks.
Overall Sentiment
With the broader market showing signs of recovery, VeChain remains positioned for a potential breakout. While resistance at $0.0525 remains a critical barrier, the bullish momentum suggests an optimistic outlook for January 25, 2025.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
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