Date: Fri, June 20, 2025 | 10:30 AM GMT
The cryptocurrency market continues to show signs of stress as geopolitical tensions between Israel and Iran deepen. Ethereum (ETH), one of the market’s frontrunners, has pulled back sharply—sliding from a monthly high of $2,877 to near $2,550. Unsurprisingly, this wave of volatility has impacted altcoins as well, including VeChain (VET).
VET has posted a red weekly candle, extending its monthly decline to over 22%. But beneath this downward pressure, a potentially bullish setup appears to be forming—one that mirrors a striking fractal from VET’s own history.
Fractal Suggests Bullish Reversal Ahead
A closer look at the daily chart for VET reveals a pattern reminiscent of late 2024. Back then, VeChain was stuck in a falling wedge—a classic bullish reversal formation. After weeks of contraction, VET exploded out of that wedge and delivered an impressive 304% rally, pushing it to test a long-term ascending resistance trendline.
Now, the current structure looks eerily familiar.
Once again, VET is carving out a falling wedge after a significant downtrend. Price action has brought the token down to a crucial horizontal support zone (gray box) around $0.019–$0.020—exactly where the previous bounce back occurred. It’s also now trading just under its 50-day moving average ($0.0261), which has acted as both resistance and support in the past.
What’s Next for VET?
If this fractal repeats and the breakout confirms, VeChain could be gearing up for another massive leg up. A breakout above the wedge and the 50-day moving average could spark a rally that takes VET back to the long-term trendline around $0.10+, marking a potential 300%+ upside from current levels.
However, traders should remain cautious. While the setup is technically sound, confirmation is critical—especially given the broader macro uncertainty. A failure to bounce from this support range could trigger further downside and invalidate the fractal setup.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
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