- VeChain (VET) has dropped 6% over the past week amid broader crypto market correction, but chart analysis reveals an emerging fractal pattern similar to XRP's recent bullish structure.
- VET is currently holding near the 0.618 Fibonacci support level and hovering around the 50-day moving average, mirroring the exact position where XRP began its 90% rally.
- If VET follows the same fractal pattern as XRP, it could potentially climb 58% toward a projected target of $0.036.
- The bullish outlook remains valid as long as VET holds key support at the 0.618 Fib level and point C at $0.02114, with a breakdown below these levels potentially invalidating the setup.
Date: Wed, Aug 06, 2025 | 10:00 AM GMT
The cryptocurrency market is in the midst of a broad correction after Ethereum (ETH) faced rejection near the $3,940 level and slid to $3,620 — marking a 4% weekly decline. This weakness has spilled over to altcoins, with VeChain (VET) dropping 6% over the past week and trimming its monthly gains to 11%.
However, beneath the short-term bearish sentiment, the chart reveals something compelling — an emerging fractal pattern that closely mirrors a recent bullish structure seen in XRP, hinting at a potential bounce.
VET Mirrors XRP’s Harmonic Structure
A side-by-side look at the daily charts of XRP and VET shows a striking similarity.
Recently, XRP completed the CD leg of a bearish bat harmonic pattern, finding its C point near the 0.618 Fibonacci support of the BA leg. This support zone acted as a springboard, allowing XRP to reclaim its 50-day moving average before rallying over 90% toward point D.
VET now appears to be following this same blueprint. The token is holding near the 0.618 Fibonacci support of the BA leg and is hovering around the 50-day moving average — exactly where XRP began its strong move toward point D.
What’s Next for VET?
If VET can maintain its position above the 50-day moving average and follow this fractal pattern, it could confirm the structure for a second leg higher. Based on the setup, the token could climb another 58% toward the projected target of $0.036 before the pattern completes.
However, to keep the bullish outlook intact, VET must hold key support at the 0.618 Fib level and point C at $0.02114. A breakdown below these levels could invalidate the setup.
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