- With resistance at $0.0300 and $0.0350, a VeChain breakout over $0.0270 signals a trend reversal.
- A 223% rise to $0.04122 is anticipated shortly, and rising volume is supporting the bullish pressure.
- The increase persists above $0.0260, but below $0.0250, a retest of $0.0215 can take place.
A bullish reversal is indicated by VeChain’s (VET) breakout upward from a declining wedge.
The asset is positioned for a strong mid-term rise as the price movement validates a technical turnaround.
Technical Breakout and Market Structure
VET/USDT has broken above the $0.0260–$0.0270 resistance zone, which is now a support level. The breakout validates the completion of a long downtrend that began in late 2024. The price is currently at $0.0274, a 2.79% gain in the latest session.
Source: CoinMarketCap
A breakout above a falling wedge pattern is typically followed by a bullish continuation. The trend is confirmed by the price action of VeChain, with increasing volume validating the breakout. The key resistance levels to look out for are $0.0300 and $0.0350, and the price target using the projection is $0.04122.
Market Momentum and Analyst Insights
The break-out is a mood shift in the market, which makes further upside action more probable . If the price can remain above $0.0260, bull momentum should push it into the $0.0400–$0.0450 area. A break below $0.0250 would be negative for the outlook, possibly testing the $0.0215 support.
World of Charts, a well-known market analyst, endorses the importance of the breakout, citing the potential for a 223% rise. His analysis shows that a measured move projection suggests a mid-term bullish wave in case the buyers remain dominant. He also pointed out that rising volume is observed along with the breakout, validating the possibility of an extended uptrend.
Source: World of Charts
Further insights from World of Charts indicate that surpassing the $0.0350 resistance could trigger a larger rally. His findings confirm that the breakout zone now serves as a pivotal level for determining price direction. He cautioned that failure to maintain support could shift the focus back to lower consolidation levels.
With bullish momentum prevailing, analysts note that price action in the coming sessions will determine whether VeChain extends its breakout. The market’s next moves will clarify if buyers can sustain the current trajectory or if a retracement occurs.
