- VeChain (VET) has broken out of a falling wedge pattern and is gaining bullish momentum, supported by its new listing on the Bybit exchange.
- With key indicators like RSI and MACD turning positive, VET could rally by 17% and potentially reach its March high of $0.033 if upward momentum continues.
VeChain (VET) is making headlines as it shows signs of renewed bullish momentum. After a prolonged downtrend, the price has broken out of a falling wedge pattern, sparking optimism among traders. With a new exchange listing and positive technical indicators, VET appears to be setting up for a potential double-digit rally.
Bybit Listing Sparks Bullish Sentiment
On Monday, centralized crypto exchange Bybit announced the listing of VeChain on its Spot trading platform. The move is seen as a significant boost for VET’s liquidity and overall market visibility. Deposits opened at 6 AM UTC, with trading going live at 10 AM UTC. Withdrawals began the following day. This strategic listing adds confidence to VeChain’s market trajectory, giving bulls another reason to stay optimistic.
$VET is now listed and open for trading on @Bybit_Official!
Check out their announcements page for details on how to get involved in the listing event:
> https://t.co/yhCZMsPGgD https://t.co/YGYCRDZ4us pic.twitter.com/I5K6dkjRXS
— VeChain (@vechainofficial) April 14, 2025
Technical Breakout Signals Further Upside
The bullish breakout occurred as VET surged above a falling wedge pattern that had been forming since early February. On the day of the breakout, VET gained nearly 3%, and at the time of writing, it’s trading just above $0.023.
If the upward trend continues, analysts expect VET to rally by 17%, potentially retesting resistance at $0.027. A decisive move beyond that level could fuel an additional 21% rally toward the March 3 high of $0.033.
Supporting this bullish outlook, the Relative Strength Index (RSI) currently reads 51 and is trending upwards, signaling strengthening momentum. Additionally, the MACD indicator recently formed a bullish crossover, a classic buy signal that further backs the potential for a continued rally.
Key Levels to Watch
While the indicators are promising, traders should be cautious of key levels that could invalidate the bullish scenario. If VET drops and closes below the April 10 low of $0.020, the bullish thesis would be negated. In that case, the next significant support level lies at $0.017.
VeChain is showing strong signs of recovery as bulls take control, buoyed by a favorable technical setup and the high-profile listing on Bybit. If current momentum holds, VET could be on track for a 17% rally in the near term, with room for even greater gains ahead.
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