VeChain price holds below the 20-week MA with staking rewards and double-bottom signals pointing to possible future gains.
VeChain is consolidating below its 20-week moving average as traders monitor accumulation patterns and rising staking activity. Staking rewards continue to drive interest from investors, while rising open interest reflects cautious optimism among traders.
VeChain Technical Structure Points to Accumulation
VeChain is trading near $0.02439 after recording a 3.99% rise in the past 24 hours. The token has maintained steady performance over the week, showing a 4.07% increase. Its current market capitalization stands at $2.09 billion, supported by 86 billion VET in circulation.
Analyst Michael van de Poppe shared on X that projects under the 20-week MA still offer strong opportunities. He identified VeChain as one such project, citing its low valuation and staking incentives through the Stargate program. Van de Poppe noted that accumulation phases often precede new market cycles.
Charts show that VeChain has created a double-bottom pattern, first near $0.015 and later during a consolidation phase. Resistance lies between $0.035 and $0.04, while Fibonacci targets point toward $0.068 and possibly $0.12. These levels mark potential upside areas if momentum strengthens.
Market Indicators Show Neutral Position
Trading activity for VeChain has remained consistent, with daily volumes exceeding $40 million across major exchanges. While the price has shown gains, technical signals suggest consolidation remains the dominant trend.
The MACD continues to show the line below the signal line, indicating slight downward pressure. However, the gap between the lines remains narrow, which could support stabilization or a shift toward upward movement.
The relative strength index (RSI) is positioned at 53.17, placing VeChain in a neutral zone. This suggests that buyers and sellers currently hold balanced control in the market. The consolidation phase is still visible as traders await clearer signals.
Staking Programs and Open Interest Growth
VeChain has continued to promote its staking opportunities through initiatives such as the Stargate program. These incentives allow investors to earn additional rewards while supporting network activity and token utility. Such programs have strengthened investor engagement, which may support long-term demand for VET.
Open interest in VeChain derivatives has also recorded steady growth. Data shows a 3.6% increase in total open interest, now standing at $34.3 million. Most of this activity is concentrated on platforms such as Binance and Bybit.
The growth in open interest signals that traders are positioning for potential short-term moves. It also reflects new capital entering the market during a period of price consolidation. This increase in derivatives activity adds to the outlook of ongoing accumulation.
