VeChain drops 11% after Asian partnership and upgrade news
VeChain (VET)
Editor:
Eugene Serbin
Tradersunion.com reports that VeChain (VET) reversed 11.05% lower after recent strong gains, as momentum from a major Asian logistics partnership and a protocol upgrade was met by sharp intraday selling. The move appears limited, with VET still trading above its 20-day, 50-day, and 200-day moving averages, signaling underlying upward pressure despite overbought readings. VeChain announced a new partnership with a major Asian logistics firm focused on supply chain transparency, following the token's break above a long-standing descending trendline and increased derivatives activity.
The upcoming Interstellar protocol upgrade, VIP-255, aims to add 11 Ethereum Improvement Proposals for broader compatibility. These developments have raised enterprise and trader engagement, though price action has remained under broader selling pressure. VET/USD is trading above the 20-day, 50-day, and 200-day moving averages at $0.0051179, $0.00488414, and $0.00617363, respectively.
This setup signals bullish momentum in the short, medium, and long term, but the longer-term moving average alignment remains bearish. The nearest resistance is $0.006724 and key support is around the 200-day moving average at $0.00617363. Momentum indicators such as MACD, ADX, and Awesome Oscillator all support ongoing buying interest.
However, RSI at 85.76, CCI at 211.01, and Stochastic RSI point to overbought conditions and elevated reversal risk. Bull/Bear Power confirms strong buyer control, while intraday action has exposed early selling pressure and price drifting near daily lows, indicating possible weakness. Analysts noted that VeChain was exhibiting a mixed technical outlook, with consolidation likely as traders monitored pivotal resistance and support levels.
How the market reacted
Whalio's own Binance spot order flow for VET, measured when this story was written up on 28 August 2026. Not the outlet's figures.
Whalio data shows VET trading at $0.007139 with a 1-hour buy ratio of 62.9%, contrasting with 48.7% and 48.8% ratios for the 4-hour and 24-hour periods. The 1-hour volume delta is positive at +$20,223, while the 4-hour delta is -$18,586 and the 24-hour delta is -$309,017. This indicates that buying pressure is building in the immediate short term but has been fading over the longer 24-hour window. The buy ratio reflects the proportion of buy volume to total volume, showing that buyers dominated the last hour but were less active in the previous four hours. Volume delta measures the net difference between buy and sell volume, where a negative figure like the 24-hour -$309,017 suggests that sellers outweighed buyers over that day. The CVD at 24-hour close was -$75,134, further confirming net selling pressure over the full day.
The latest daily buy ratio of 54.4% sits at the 91st percentile of the last 281 days, against a median of 49.8% - among the strongest buying days it has had.
Twenty-four hours later
What VET did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for VET, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 50.8%, with the latest day showing a 2.0 point decrease from that average. Volume was 7.78 times the average, indicating an unusual level of activity compared to typical days. The coin saw a price change of +38.1% over 8 days, with a total volume delta of -$106,250. This day is unusual due to the volume being nearly eight times the weekly average, despite the buy ratio being slightly below the weekly norm. The 24-hour volume delta of -$309,017 is significantly more negative than the 8-day total of -$106,250, suggesting a sharp acceleration in selling pressure on this specific day.