VeChain (VET) continued trading within a well-defined descending channel on April 5, 2026, signaling a sustained bearish trend as selling pressure remains dominant.
Price recently bounced from the lower boundary near $0.0065, forming a short-term base. However, the structure still shows lower highs and weak bullish momentum under resistance pressure.
If rejection occurs near the channel resistance, downside targets remain active. Immediate support lies around $0.0070–$0.0065, followed by stronger demand near $0.0060–$0.0055.
A breakdown below this zone could push the price toward $0.0050, confirming the continuation of the broader bearish trend with increasing selling pressure.
On the upside, a confirmed breakout above the channel could shift momentum bullish. Initial resistance stands at $0.0085–$0.0090, followed by $0.0105–$0.0115, according to the crypto analyst ZAYK Charts.
Strong continuation may target $0.0130–$0.0140, with an extended move toward $0.0150, aligning with the projected 90% upside scenario shown on the chart.
Also Read: VeChain (VET) Holds Support: Breaking $0.015 Could Lead to $0.16 Rally
Technical Indicators Hint at Potential Trend Reversal
Momentum indicators show early improvement despite the bearish structure. RSI shows bullish power with its value lying near 56.79, while that of its average is 44.17.
The rising distance between them indicates the presence of bullish momentum. The oscillator lies above midline, indicating a bullish trend condition.
MACD indicator reveals an imminent bullish crossover with a MACD level of 0.00009, a signal line of -0.00006, and a histogram at -0.00015.
Momentum is slowly rising as the lines come closer, implying that the bearish pressure on momentum is diminishing, and a possible switch to positive momentum may occur soon.
Bikademy Expansion Supports Ecosystem Growth
The global launch of Bikademy marks an important development within the VeChain Foundation network. The system is already functional on-chain and open to decentralization through participation in multiple regions.
The expansion offers users all around the world an opportunity to participate in challenges and other activities. Increased availability may change attitudes towards VET, although the price action will be dependent on technical validation and general market conditions.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: VeChain Price Prediction: VET Breakout Signals Upside Move
