VeChain Forms Bullish Structure, Targets $0.04201 After $0.03249 Breakout

VeChain (VET) is currently breaking out of the falling wedge pattern, and bullish reversal can occur.

Very good support has been established at $0.03029, and $0.03249 is the next major level of resistance.

There are targets of $0.04201, $0.05234 and $0.06704 at which prices could be achieved if volume will support an uptrend.

VeChain’s native token VET is now displaying early hints of possible breakout years after indoor pressure. According to the latest data from Coinmarketcap, VET was trading at $0.03061. It has plunged by 4.80% in the past 24 hours. Nevertheless, despite this temporary decline, technical indicators confirm an emerging reversal of trend along with higher buying volumes and important pattern formations.

Falling Wedge Breakout Signals Shift in Momentum

The VET/USDT chart also indicates a massive falling wedge that has been building since late 2024. This structure, which is commonly considered a bullish reversal, turned bullish in the middle of April 2025. After this break-out, VET has succeeded in setting a near-term support level at $0.03029. This region has been strong even with the recent volatility, indicating a solid guiding base for any potential bullish gain.

Volume profile analysis on the right side of the chart shows heavy accumulation within the $0.025–$0.032 range, further validating this zone as a critical support level. The wedge breakout was accompanied by a series of higher lows, including a visible double-bottom structure formed between March and April, adding to the evidence of trend reversal.

Resistance Levels and Price Targets Ahead

VET is currently approaching an immediate resistance level at $0.03249. A sustained move above this point may pave the way for additional upside. Based on historical volume nodes and price action, the next projected targets lie at $0.04201, $0.05234, and $0.06704 respectively. These levels correspond with high-activity zones seen in previous trading periods, indicating areas where sellers may emerge again.

Price Outlook Hinges on Volume and Break Confirmation

Although the technical setup favors a bullish bias in the near term, VET will require strong volume confirmation to sustain any meaningful breakout beyond $0.03249. Failure to breach this resistance could result in a retest of the $0.03029 support zone. Traders are advised to monitor for continuation patterns and confirmation candles as the token navigates these levels.

In conclusion, VET appears to be transitioning from a prolonged downtrend into a potential accumulation and recovery phase, with key levels now in focus as the broader crypto market looks for direction.