VeChain (VET) Consolidates at $0.02 as VTHO Rewards Program Launches Ahead of Hayabusa Upgrade

Quick Take

• VET currently trading at $0.02 (+3.23% in 24h)
• VeChain’s RSI at 50.32 indicates neutral momentum with potential for breakout
• 5.48 billion VTHO rewards program launched for VET stakers ahead of Hayabusa upgrade

What’s Driving VeChain Price Today?

VeChain’s recent launch of a massive 5.48 billion VTHO incentive pool on September 5th represents the most significant development for VET price action this week. This rewards program, running until December 2025, specifically targets VET stakers on the Stargate platform and serves as preparation for the upcoming Hayabusa upgrade. The timing suggests VeChain’s strategic positioning to maintain user engagement during a critical transition period.

Despite this positive catalyst, VET price has experienced mixed signals. While today shows a 3.23% recovery, the broader weekly performance reveals a 10.77% decline, indicating that the VTHO rewards program has yet to translate into sustained upward momentum for VeChain.

The network’s fundamental growth provides additional context, with VeChain’s total accounts nearly doubling to 4.18 million over the past year. However, this impressive user adoption hasn’t immediately reflected in VET price performance, creating a disconnect between network health and market valuation.

VET Technical Analysis: Neutral Signals Emerge

VeChain technical analysis reveals a market in equilibrium, with VET’s RSI positioned at 50.32 in the neutral zone. This reading suggests neither overbought nor oversold conditions, leaving room for movement in either direction based on external catalysts.

The MACD indicator tells a slightly different story, with VeChain’s MACD at -0.0002 and a negative histogram of -0.0001, indicating bearish momentum beneath the surface. This divergence between the neutral RSI and bearish MACD suggests caution for VET traders.

VeChain’s moving averages present a compressed picture, with all major SMAs and EMAs converging around the $0.02 level. This tight clustering indicates low volatility, confirmed by VeChain’s daily ATR reading, and suggests a potential breakout may be building.

The Bollinger Bands setup shows VET trading within a narrow range, with the upper band at $0.03 and lower band at $0.02. VeChain’s current position at 47.61% of the band width indicates room for movement toward either extreme.

VeChain Price Levels: Key Support and Resistance

Based on Binance spot market data, VET resistance levels are clearly defined with immediate resistance at $0.03 and strong resistance also positioned at $0.03. This convergence suggests a significant technical barrier that could determine VeChain’s near-term direction.

On the downside, VeChain support levels show both immediate and strong support clustering around $0.02, creating a well-defined floor for VET price action. The pivot point also sits at $0.02, reinforcing this level’s importance.

For VET/USDT traders, the 52-week range provides broader context, with VeChain reaching highs of $0.06 and testing lows at $0.02. The current positioning near the yearly low suggests either a potential value opportunity or continued weakness, depending on upcoming catalysts.

Should You Buy VET Now? Risk-Reward Analysis

Conservative traders should wait for VET price to break above the $0.03 resistance level with volume confirmation before considering long positions. The VTHO rewards program provides fundamental support, but technical indicators suggest patience may be rewarded.

Aggressive traders might consider accumulating VET near the $0.02 support level, using the strong support as a natural stop-loss point. The risk-reward setup favors this approach, with clear downside protection and multiple upside targets.

Swing traders should monitor VeChain’s RSI for any movement above 60, which could signal momentum building toward the resistance break. The upcoming Hayabusa upgrade timeline through December 2025 provides a fundamental catalyst timeframe.

The 24-hour trading volume of $6,392,578 on Binance spot suggests moderate interest but may require increased participation for sustainable VET price movement above resistance levels.

Conclusion

VET price remains range-bound at $0.02 as VeChain navigates between positive fundamental developments and neutral technical signals. The VTHO rewards program provides medium-term support for VET holders, while the Hayabusa upgrade timeline offers potential catalysts through year-end. Traders should watch for volume expansion above $0.03 resistance or breakdown below $0.02 support to determine VeChain’s next directional move in the coming 24-48 hours.

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