Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Venice Token Price Prediction: VVV Targets $30 After Rebound From Recent Consolidation

Venice Token Price Prediction: VVV Targets $30 After Rebound From Recent Consolidation

CryptoNewsNetCryptoNewsNet2026/10/21 18:27
By:CryptoNewsNet
Back to the list

Venice Token Price Prediction: VVV Targets $30 After Rebound From Recent Consolidation

  coinedition.com 29 m

VeChain ($VET) is showing signs of a potential recovery after recording a 6.71% daily price increase, despite remaining down 2.82% over the past week. The token trades near $0.00714, with a market capitalization of approximately $613.7 million and daily trading volume exceeding $8.6 million.

Buyers Target a Break Above $26.46

$VVV currently faces its first major challenge around $26.46. Buyers need to clear that level before the token can build stronger upward momentum. A decisive move above $26.46 could bring $28 into focus. Moreover, sustained buying could push the token toward the $30 psychological level.

The $32 area remains the bigger test for the recovery. Sellers previously limited advances around that region. Therefore, traders may watch the level closely if $VVV extends its rally.

Additionally, the token continues to trade above several important exponential moving averages. That positioning suggests buyers still hold an advantage over the longer term. However, $VVV must maintain that structure to preserve its bullish outlook.

VeChain Price Dynamics (Source: TradingView)

$VVV has immediate support around $25.55, which currently provides an important defense. A sustained move below that level could weaken the recovery attempt.

Consequently, traders may shift attention toward $24.40 and $23.46 if selling pressure increases. The $22.79 region represents a deeper support area. Holding above these levels could help buyers rebuild momentum.

Related: PENGU Price Prediction: Can SoFi Adoption Push Pudgy Penguins Above $0.0085?

The Stochastic RSI also points toward improving short-term momentum. The faster indicator line has moved above the slower line. Significantly, that shift suggests buyers have started returning after the recent consolidation.

$VET Sees Fresh Trading Activity

VeChain has also attracted renewed attention after several periods of weaker market participation. $VET currently carries a market capitalization near $614 million. Its circulating supply stands at approximately 86 billion tokens.

Source: Coinglass

Trading activity remains relatively modest compared with earlier periods of stronger speculation. Nevertheless, recent price gains suggest that buyers have started returning to the market.

$VET’s derivatives market provides another important signal. Open interest previously exceeded $150 million during periods of intense speculation. However, traders later closed many positions, causing open interest to fall sharply.

Recent data places open interest near $34.54 million. Consequently, current participation appears more cautious than during previous speculative surges.

Capital Flows Could Shape the Next Move

Spot market flows also provide some encouragement for $VET bulls. Earlier periods featured frequent outflows as sellers dominated trading activity. However, September and October produced several notable inflow spikes.

Source: Coinglass

Some of those inflows exceeded $600,000, suggesting stronger accumulation from market participants. The latest reading showed a smaller inflow of about $15,720.

Significantly, continued positive inflows could provide $VET with additional support. Conversely, renewed outflows could increase selling pressure and weaken its recovery attempt.

Technical Outlook for VeChain Price

Key levels remain important for VeChain as $VET attempts to build a recovery:

Upside levels: $0.00730, $0.00750, and $0.00780 represent immediate hurdles. A decisive breakout could open the path toward $0.00820 and $0.00900.

Downside levels: $0.00700 provides the first support, followed by $0.00680 and $0.00650. A deeper decline could bring the $0.00620 region into focus.

Momentum trigger: $VET needs sustained buying above $0.00750 to strengthen its short-term bullish outlook. Rising open interest could also confirm stronger participation from derivatives traders.

Will VeChain Go Up?

VeChain’s near-term outlook depends on whether buyers can defend the $0.00700 area. Stronger spot inflows could help $VET challenge the $0.00750–$0.00780 resistance cluster.

If buying pressure strengthens, $VET could retest $0.00820 before targeting $0.00900. However, renewed outflows could weaken the recovery and push $VET toward $0.00680 or lower.

For now, $VET remains at an important technical crossroads. Improving inflows and rising open interest could support a stronger recovery. However, traders may need confirmation above resistance before expecting a sustained upward move.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Meta (META.US) Q3 Conference Call: Muse has achieved product-market fit, computational efficiency will increase tenfold next year.

Meta (META.US) reported total revenue of $64.6 billion in the third quarter, up 26% year-on-year, with fourth quarter revenue guidance between $73 billion and $76 billion. The earnings call focused on Muse personal AI: after 1.5 months of launch, Muse has over 10 million users in the US and Canada, with a daily usage rate of around 25%.

智通财经•2026/10/22 01:36