- VET has officially crossed above a down-sloping multi-month trendline, which gives it the chance to turn bearish consolidation into a bullish cycle.
- The buy volume on the 1-minute chart is consistent, and the cumulative delta is increasing, which would indicate accumulation and near-term positive bias.
- Analysts have set a target of the $0.035 mark, and short-term resistance is recorded between the periods of the $0.026 and the $0.027 mark. Staying in this range may confirm the breakout and encourage a further advance.
VeChain (VET) is becoming stronger again as it has already broken a long-term downward trend line that has been in place since May. As the bullishness in the markets escalates and volumes rise, the eyes of market observers are set on the next possible leg up in VET. With the price action demonstrating a breakout, traders are now looking forward to $0.035, an upside of more than 63 percent of current levels. The question arises of whether VET can keep this drive or if the resistance will slow them down.
Breakout Above Long-Term Resistance Spurs Optimism
VeChain (VET) has broken above a descending trendline that had capped prices since early May 2025. The breakout occurred after VET consolidated near the resistance, showing signs of increasing demand. As of July 11, the price reached approximately $0.02443, representing a 14.20% gain from earlier levels.
The trend breakout displayed in this movement confirms the July 9 chart, when the asset was selling at the price of 0.02140. The analysts have reported a possible price goal of as much as a 63.25 percent increase to approximately 0.035, meaning that their forecasted price goal is much higher than the current price. The breakout, based on superior volume and most of the pricing arrangements in the 12-hour timeframe, suggests a trend reversal.
Short-term momentum suggests that Advancing will continue.
The bullish idea is boosted by the price action of the day, as lucid price activity is seen ascending all through the 1st at around 06:50 to 09:40. It rose to the price of 0.024913 in this session. The buy volume was always more substantial than the sell volume at critical points, even at 07:00, and even close to 09:30.
The cumulative delta also shows a gradual increase, indicating that buyers maintained control throughout the session. Despite some minor selling spikes, the trend remained upward. This short-term momentum confirms the breakout seen on the higher timeframe.
Key Levels to Watch and Market Outlook
Market participants are now watching the $0.026–$0.027 resistance range as the next potential barrier. If VET holds above the trendline and maintains substantial volume, it could advance toward the projected $0.035 level.
The breakout aligns with a shift in sentiment, where previous resistance now acts as support. If buying activity continues and no major pullbacks occur, the conditions may favor further gains. Traders will monitor volume closely to assess the strength of the ongoing move and validate the breakout’s sustainability.
