Date: Thu, Oct 16, 2025 | 06:20 AM GMT
The cryptocurrency market is struggling to stage a meaningful V-shaped recovery after the October 10 crash, which triggered over $19 billion in liquidations and sent major altcoins plunging by 70–80% to levels unseen in years.
Among the hardest hit is VeChain (VET), which is trading in red again this week with an 17% weekly decline. But beyond the price drop, the bigger concern lies in the technical structure, which has shifted from bullish to uncertain.
VeChain (VET) Loses Its Bullish Fractal
On the daily chart, VeChain’s long-standing bullish fractal — active since late 2023 — has been broken.
In the past two major cycles, VET delivered strong rallies after breaking out from descending triangle formations and reclaiming both the 100-day and 200-day moving averages. Each of those breakouts triggered rallies of over 200%, taking the token toward its long-term ascending resistance trendline.
However, this time, the story has changed. Before the October market meltdown, VET was showing a solid bullish structure, seemingly preparing for another breakout attempt. But the crash shattered that setup — the token broke below its triangle support, and is now trading at $0.01824, reflecting weak buying interest as bulls have lost momentum.
What to Watch For Next?
Currently, VET is trading below the former triangle support, which has now flipped into a key resistance zone around $0.02050.
If a sharp recovery occurs and VET manages to reclaim this level, it could restore some structure and stabilize the chart in the short term. Otherwise, the price may continue to consolidate near the lows, leaving investors in a “wait and watch” situation for the time being.
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