VeChain drops 8% as Binance suspends VET deposits for upgrade
VeChain (VET)
Editor:
Eugene Serbin
Tradersunion.com reports that VeChain (VET) has fallen 8.06% to trade at $0.007211 following a Binance suspension announcement. Binance will temporarily pause VET deposits and withdrawals starting at 7:15 p.m. Korea Standard Time on September 16 to support the InterStellar (VIP-255) hard fork. This upgrade aligns VeChainThor’s EVM with recent Ethereum standards to modernize the chain’s technical capabilities.
The suspension restricts trading access and introduces short-term liquidity challenges for market participants. Despite the price drop, VET remains above long-term support levels while sitting below its short- and medium-term moving averages. The network has reached a milestone with 15.5 billion VET staked as new validators join ahead of the upgrade.
On the h1 timeframe, the Ichimoku Kijun at $0.007943 acts as the nearest overhead resistance. Momentum indicators show weak signals, with MACD and CCI signaling sell conditions while ADX remains neutral. Sellers currently control intraday moves, confirmed by Bull/Bear Power, though the Awesome Oscillator shows a neutral stance.
Analysts previously noted strong bullish momentum driven by anticipation for the InterStellar protocol upgrade. The current analysis highlights increased downside risk, with a clean break above resistance needed for any potential reversal. The base scenario for the next 2-3 days sees price consolidating in a sideways range with a high likelihood of further declines.
How the market reacted
Whalio's own Binance spot order flow for VET, measured when this story was written up on 11 September 2026. Not the outlet's figures.
Whalio’s Binance spot data shows VET trading at $0.007620 with a 1-hour buy ratio of 48.1% against a 4-hour ratio of 55.7%. The 24-hour buy ratio stands at 50.7%, indicating that short-term selling pressure is slightly outpacing buying in the immediate term. Volume Delta for the hour is negative at -$11,685, while the 4-hour delta is positive at +$56,599. Over 24 hours, the Volume Delta is +$89,618, suggesting that cumulative buying has outweighed selling over the full day. The CVD for the 24-hour close is +$7,710, reflecting net positive flow. This data shows that while hourly selling is present, the broader daily trend still favors buyers with 12 of 24 hours showing net buying.
The latest daily buy ratio of 46.7% sits at the 13th percentile of the last 324 days, against a median of 50.2% - weaker buying than most days.
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, VET saw a 7-day average buy ratio of 53.3%, compared to the latest day’s 50.7%, a difference of -2.5 points. Spot volume for the day was $5,992,532, which is 3.08 times the weekly average, marking an unusually high activity day. The coin experienced a price change of +12.5% over the past 8 days. Volume Delta for the 8-day period totaled +$702,160, with net buying occurring on 6 of the 7 days. This context places the current price action within a broader weekly uptrend despite the recent daily dip.