- Vechain jumps 10% as volume surges 245%, triggering over $130,000 in short liquidations.
- A break above $0.0081580 could push VET toward $0.0103.
VeChain (VET) has surged more than 10% after breaking above a multi-week downtrend, putting the project back in focus among traders. The move has been accompanied by a sharp rise in trading activity, with 24-hour volume climbing more than 245%.
The rally has also put pressure on bearish traders. CoinGlass data shows that more than $130,000 in VET short positions were liquidated over the past 24 hours as the price moved higher. VET was trading at $0.0080087 when the market data was checked on September 9, 2026, while its market cap stood at about $684.38 million.
VET Breaks Above a Multi-Week Downtrend
The latest price move marks a change in VET’s recent trend. The price has broken above the descending trendline that had capped it since late August, with the breakout occurring alongside a sharp increase in trading volume.
VET is now consolidating just below the $0.0081580 resistance level. This is the first major hurdle buyers need to clear if the recovery is to continue.
The $0.0079103 area is equally important on the downside. It represents the first confirmed support around the former trendline. If VET continues trading above this level, the breakout could remain intact.
A sustained break above $0.0081580 would put $0.0089609 in focus. Clearing that level could then open the way toward $0.0103637.
Short Squeeze Adds Fuel to VET Rally
The liquidation data shows that short sellers have taken the biggest hit during the rally. Total VET liquidations reached $177,390 over the past 24 hours. Short positions accounted for $130,320 of that amount, compared with $47,070 in long liquidations.
The 12-hour figures show a similar pattern. Of the $46,220 liquidated during that period, $25,640 came from short positions.
Futures trading has also picked up across major exchanges. Binance recorded $35.90 million in VET futures volume, followed by Bybit at $6.72 million and MEXC at $6.49 million.
The figures suggest that short covering helped accelerate VET’s rise. However, the next stage of the move will depend on whether fresh buying can keep prices above the breakout area after the squeeze fades.
Can VET Reach $0.0103?
The $0.0103637 level is now the highest major resistance on the chart. VET would first need to break $0.0081580 before challenging $0.0089609.
A move above $0.0089609 would strengthen the bullish setup and bring $0.0103637 into view. Continued high trading volume would help support such a move.
The setup would weaken if VET falls back below $0.0079103. That would raise the possibility that the recent breakout was mainly driven by short covering rather than sustained buying.
If selling pushes VET below $0.0074006, the next major support sits near $0.0069993.
For now, VET’s 10% gain and 245% surge in trading volume have changed its short-term outlook. Holding above $0.0079103 could keep the path toward $0.0089609 and $0.0103637 open, while a failure to hold the breakout would put lower support levels back in focus.
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