VET Smart Money Setup Signals Bullish Move Toward 0.02107 Resistance

VeChain’s price dropped to $0.015 recovered and stabilized at $0.019.

The market cap fell from $1.9 billion to $1.3 billion, then went back to $1.7 billion.

Technical indicators point to growing buying pressure correcting the token from an oversold condition.

VeChain (VET) is trading at $0.01957, up 11.39% in the last 24 hours. Recent buying interest and technical signals suggest the token is recovering. Despite a 17% drop over the past week, the token is showing healthy signs of recovery.

VET Smart Money Setup Points to a Bullish Move

VeChain (VET) price has stayed pretty steady, hovering between $0.023 and $0.024. On October 11,the price suddenly dropped from around $0.022 all the way down to about $0.015 after reacting to President Trump’s sentiments about a trade tariff on China

It managed to bounce back a bit to recover some ground, but still ended up lower than where it started earlier in the week.

Source: Crypto Patel Via X

During the price drop, trading activity spiked a lot. This shows many traders were selling, maybe out of panic or reacting to news. Before the drop, volume was low and steady, but it jumped sharply during the fall.

The market cap of VeChain moved along with the price. It started just above $2 billion and slowly fell until October 10. After a drop from about $1.9 billion to $1.3 billion the market cap bounced to around $1.7 billion by October 13, showing investors coming back in.

Market Cap Follows Price

VeChain’s market cap tracked these price moves closely. It started strong but dipped steadily until October 10. Volume data shows that trading was heavy during both the drop and the recovery, meaning lots of people were buying and selling.A closer look at VeChain’s short-term chart shows some key signals. The price was stable before dropping to $0.014 on October 11, with a volume spike.

The MACD indicator flipped back to buying pressure as the price recovered.The RSI dropped below 30 then bounced back to around 55, showing buying strength but no signs of being overbought yet.

Crypto Patel suggested buying at 0.01794 with a stop loss at 0.01610, and targets at 0.01949 and 0.02107. The plan is to wait for a pullback and then ride the next upward move.

This setup points to a solid bullish structure with clear liquidity and a good zone for a retracement before the price moves up.

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