VeChain VET Shows Resilience: Key Support Holds as Analysts Eye $0.082 Target

VeChain (VET) is demonstrating notable resilience despite recent weekly losses, currently trading at $0.02345 with a modest 2.53% decline over the past seven days. Trading volume has increased by 4.96% to reach $52.8 million, while market capitalization remains stable at $2.01 billion.

The $0.023–$0.025 range has emerged as a critical accumulation zone, supported by a long-term ascending trendline that has been in place since 2020. Prominent crypto analyst Jireon identifies this level as a high-conviction entry point, with the pattern of higher lows since 2020 indicating underlying bullish strength.

Technical analysis points to $0.05328 and $0.08288 as significant resistance levels—historical ceilings that could become primary targets if bullish momentum accelerates. Market participation is showing cautious growth as VET consolidates, positioning for a potential breakout in the NEAR term.