VeChain drops 7.6% as oversold signals limit further selling
VeChain (VET)
Editor:
Eugene Serbin
Tradersunion.com reports that VeChain (VET) has declined 7.6% to trade at $0.008723, placing the asset below its short- and medium-term moving averages. On the hourly chart, VET/USD sits below the MA-20 at $0.0091458 and the MA-50 at $0.00931622, which now act as resistance levels. The price remains supported above the long-term MA-200 at $0.00620431, with immediate resistance noted at the Ichimoku Kijun level of $0.00911.
Momentum indicators confirm bearish conditions, with MACD signaling a sell and the RSI standing at 33. Both the CCI and Stochastic RSI indicate oversold territory, suggesting that selling has been extended in the near term. Bull/Bear Power reaffirms seller dominance within the intraday frame, while the Awesome Oscillator confirms negative momentum.
For the next two to three trading days, VET is expected to consolidate within a volatility band ranging from $0.00844483 to $0.009391. Statistical probabilities favor continued downside action, with a 78% likelihood of further declines and only a 22% chance of an upward breakout. A bullish scenario would require a sustained move above the $0.00911 Kijun resistance level. Earlier, analysts noted that VeChain had demonstrated strong momentum and institutional interest as it consolidated above key technical levels.
How the market reacted
Whalio's own Binance spot order flow for VET, measured when this story was written up on 28 September 2026. Not the outlet's figures.
Whalio’s Binance spot data shows VET trading at $0.009211 with a 1-hour buy ratio of 50.8% and a 4-hour buy ratio of 55.8%. These short-term ratios are higher than the 24-hour buy ratio of 52.1%, indicating that buying pressure is building in the immediate term. The volume delta reflects this shift, showing positive inflows of +$836 over 1 hour, +$39,076 over 4 hours, and +$75,345 over 24 hours. Volume delta measures the net difference between buy and sell volume, so positive figures mean buyers are outpacing sellers. Despite a 24-hour cumulative volume delta (CVD) of -$1,873, the spot volume for the period reached $1,805,608 across 33,986 trades.
The latest daily buy ratio of 59.1% sits at the 99th percentile of the last 322 days, against a median of 50.2% - among the strongest buying days it has had.
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%, making the latest day’s 52.1% ratio 1.3 points higher than the average. This suggests the current day is slightly more bullish than usual, though volume is only 0.67x the average, indicating lower participation. The coin has seen a price change of +9.1% over the last 8 days, with a total volume delta of +$378,656. While buying days have outnumbered selling days with 5 of 7 days showing net buying, the current day’s volume remains below the weekly norm.