Hey friends, hope you are well. In this article, we're diving into a major update on VeChain (VET) and its recent price movements. There's a lot happening on the charts—from a breakout of a long-standing downtrend to the formation of a powerful bullish pattern. Let’s break it all down.

VeChain Breaks Out of a Long-Term Down Channel

Recently, VeChain’s price action has broken out of a significant descending channel. For months, the price had been trapped inside this structure, and along the way, it also fell below a horizontal channel—leading to a steep drop.

However, the breakout from this long-term down channel marks a strong shift in momentum. After the breakout, VET successfully retested the previous resistance as support, which is typically a bullish signal. From there, it geared up for another move.

Testing a Key Resistance Zone

Currently, VeChain is facing strong rejection at a long-term resistance zone between $0.032 and $0.034. This zone has historically acted as both support and resistance. For the past several weeks, it has been a clear hurdle for the bulls.

Breaking above this range could open the door for more significant price appreciation.

A Massive Falling Wedge Breakout

Another bullish development is visible on the 7-day time frame where VeChain has broken out of a massive falling wedge pattern—a classic bullish reversal setup. The breakout here signals a potential shift in the macro trend for VET.

Recent Trade Signal For VET Coin: Bullish Gartley Pattern

Three days ago, I shared a bullish Gartley pattern signal for VeChain paired with Bitcoin. This setup was identified on the daily time frame, showing a clear buying zone, sell target zone, and stop loss.

The price is still hovering inside the potential reversal zone, and there's a high probability it could soon reach the sell targets.

Click here to visit this trade signal:

Zooming into the Daily Time Frame

Since early December 2024, VeChain had been moving within a downward channel. We observed multiple rejections and support bounces within this structure:

• Multiple bounce points and rejections

• Final breakout of the downtrend resistance

• Retest of resistance as support

• Now attempting to break above $0.032–$0.034

If this level is cleared, the next resistance lies around $0.039 to $0.040, which previously acted as support in the horizontal channel.

Breakout Targets and Long-Term Outlook

Based on the breakout from the descending channel, the next major price target is the top of the previous structure at approximately $0.078.

Beyond that, a key resistance at $0.056 must also be overcome before we can aim for higher levels.

On the weekly chart, VeChain has already broken out of a long-term falling wedge, and the projected target for this pattern lies between $0.26 and $0.30 a massive upside potential.

Final Thoughts

This technical breakout and pattern formation is extremely bullish for VeChain. While short-term resistance levels may cause fluctuations, the overall trend looks positive—especially after confirming these breakouts.

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