- VeChain (VET) has gained 11% weekly as Ethereum's surge above $4,300 triggers a broad cryptocurrency market rally.
- VET is forming a Bearish ABCD harmonic pattern on the daily chart, with the bullish CD leg currently underway after rebounding from $0.02178.
- A break above the 100-day moving average at $0.02679 would serve as a key technical trigger reinforcing the bullish outlook.
- The next upside target is around $0.03109 at the Potential Reversal Zone, representing approximately 21% upside from current levels.
Date: Mon, Aug 11, 2025 | 05:10 AM GMT
The cryptocurrency market is firmly in bullish mode as Ethereum (ETH) breaks above the $4,300 level for the first time since 2021. This 22% weekly surge has triggered a broad rally, with major altcoins — including VeChain (VET) — riding the momentum higher.
VET has posted an impressive 11% weekly gain, but more importantly, its price chart is now flashing a harmonic pattern that could hint at its next major move.
Harmonic Pattern Hints at Potential Upside
On the daily timeframe, VET is forming a Bearish ABCD harmonic pattern — a structure that, despite its “bearish” name, typically includes a bullish CD leg before price reaches the Potential Reversal Zone (PRZ).
The pattern began with a rally from point A near $0.01832 to point B around $0.02746, followed by a pullback to point C at $0.02178, where buyers stepped in. Since then, VET has rebounded sharply and is now trading near $0.02574, indicating that the CD leg is well underway.
A decisive push above the 100-day moving average ($0.02679) would be a key technical trigger, reinforcing the bullish outlook.
What’s Next for VET?
If momentum continues and VET clears the 100-day MA, the next upside target lies near the PRZ at the 1.195 Fibonacci extension of the BC leg, around $0.03109 — representing an approximate 21% upside from current levels.
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