VeChain (VET) Rockets to $0.03 as Overbought RSI Triggers Market Frenzy
VeChain's native token VET just blasted past another psychological barrier—hitting $0.03 as its Relative Strength Index (RSI) screams 'overbought.'
When greed outpaces fundamentals
The surge comes amid a textbook speculative rally, with traders piling into VET despite technical indicators flashing warning signs. The RSI—a momentum gauge that tops out at 70—has VeChain dancing dangerously close to that threshold.
Wall Street's old guard would call this reckless. Crypto's degenerate traders call it Tuesday.
What goes up...
History suggests these parabolic moves often correct hard—but with VeChain's enterprise blockchain adoption growing, maybe this time really is different. Or maybe not. Either way, buckle up.

Quick Take
• VET currently trading at $0.03 (+2.54% in 24h) • VeChain's RSI reaches overbought levels at 76.19, suggesting potential pullback • No major news catalysts driving current price action - technical momentum appears primary driver
What's Driving VeChain Price Today?
VET price movement today appears driven primarily by technical factors rather than fundamental news, as no significant VeChain-related announcements have emerged in recent days. The 2.54% gain brings VeChain back to a key psychological level at $0.03, with traders likely responding to oversold conditions that developed in previous sessions.
The current VET price action reflects broader market sentiment rather than VeChain-specific catalysts. With $14.17 million in 24-hour trading volume on Binance spot market, institutional and retail interest remains steady but not exceptional compared to VeChain's historical averages.
VET Technical Analysis: Mixed Signals Emerge
VeChain technical analysis reveals a complex picture with momentum indicators showing conflicting signals. VET RSI has surged to 76.19, placing VeChain firmly in overbought territory and suggesting a potential correction or consolidation phase ahead. This elevated RSI reading typically indicates that buying pressure may be exhausting itself at current levels.
However, VeChain's MACD tells a different story, with the histogram showing 0.0007 - indicating continued bullish momentum beneath the surface. The MACD line sits at 0.0016 above its signal line at 0.0009, confirming that the underlying trend remains positive despite overbought conditions.
VeChain's Stochastic oscillator further validates the overbought scenario, with %K at 95.90 and %D at 89.80. These extreme readings suggest VET price may struggle to maintain upward momentum in the immediate term without a healthy pullback to reset technical conditions.
VeChain Price Levels: Key Support and Resistance
VeChain support levels are clearly defined, with immediate support at $0.02 coinciding with the 20-period SMA. This level has proven significant in recent trading and represents the first line of defense for bulls. Below this, VeChain strong support sits at $0.02, aligning with the 50-period moving average and providing a more substantial foundation.
VET resistance faces immediate challenges at the current $0.03 level, which has capped recent advances. The Bollinger Bands analysis shows VET price trading NEAR the upper band at $0.03, with the %B position at 0.9703 indicating VeChain is extremely close to resistance boundaries.
The VET/USDT pair must break and hold above $0.03 to target the next resistance zone. Given the proximity to the 52-week high of $0.08, significant resistance clusters likely exist in the $0.035-$0.04 range, though these levels aren't immediately relevant given current positioning.
Should You Buy VET Now? Risk-Reward Analysis
For short-term traders, the current VET price setup presents challenging risk-reward dynamics. The overbought VET RSI suggests waiting for a pullback toward VeChain support levels around $0.02 may offer better entry opportunities. Aggressive traders might consider taking profits near current levels given the technical warning signals.
Medium-term investors could view any dip toward the $0.025 level as an attractive accumulation opportunity, especially if VeChain maintains above its 50-period moving average. The overall bullish trend structure remains intact despite short-term overbought conditions.
Risk management becomes crucial at these levels, with stops below $0.025 recommended for new long positions. Based on Binance spot market data, the daily ATR suggests relatively low volatility, which could limit both upside breakouts and downside risks in the near term.
Conservative traders should wait for either a clear breakout above $0.03 with volume confirmation or a healthy pullback to support levels before establishing positions. The current VET price action lacks the conviction needed for high-confidence entries.
Data Note
All technical indicators and volume data referenced in this VeChain technical analysis are derived from Binance spot market trading activity, providing real-time insights into institutional and retail positioning.
Conclusion
VET price sits at a critical juncture at $0.03, with overbought technical conditions suggesting caution for new buyers. While the overall trend remains bullish, the elevated VET RSI and proximity to Bollinger Band resistance indicate a pullback or consolidation may be needed before VeChain can mount a sustainable advance. Traders should monitor the $0.02 support level closely over the next 24-48 hours, as a break below could signal deeper correction toward VeChain strong support levels.
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