VeChain drops 9% after Interstellar upgrade as traders assess technicals
VeChain (VET)
Editor:
Eugene Serbin
tradersunion.com reports that VeChain (VET) declined 8.96% following investor digestion of its Interstellar mainnet upgrade. The network completed this upgrade on September 16, 2024, achieving full Ethereum Virtual Machine equivalence. This technical milestone allows developers to deploy Ethereum smart contracts on VeChain without modification.
The move enhances potential for enterprise use cases in supply chain management and real-world asset tokenization. Despite the price slide, VET remains above its 20-day, 50-day, and 200-day moving averages. Immediate support sits at $0.008674, while resistance is identified at $0.009227.
Technical indicators show mixed signals, with the RSI at 64.46 favoring buyers but the CCI at 167.09 signaling overbought conditions. Analysts note a shift from bullish momentum to short-term consolidation, watching for a breakout above $0.009227.
How the market reacted
Whalio's own Binance spot order flow for VET, measured when this story was written up on 24 September 2026. Not the outlet's figures.
Whalio spot data shows VET trading at $0.008797 with a 24-hour buy ratio of 51.1%. The 1-hour buy ratio sits lower at 40.6%, while the 4-hour ratio is higher at 53.3%, indicating fluctuating short-term sentiment. Volume delta reflects this volatility, showing -$17,102 in the last hour but +$18,835 over four hours. The 24-hour volume delta is positive at +$94,175, suggesting net buying pressure has accumulated over the full day. A buy ratio above 50% indicates more buyers than sellers, while a positive volume delta means buy volume exceeded sell volume. The current flow shows that while immediate hourly pressure is selling, the broader daily trend remains net positive.
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, VET experienced a 22.5% price increase with a total volume delta of +$338,016. The 7-day average buy ratio was 50.6%, compared to the latest day's 51.1%, showing a slight increase in buying pressure. Volume was 1.44x the average, marking this as an unusual day with significantly higher activity than normal. Net buying occurred on 5 of the 7 days, with 16 of the last 24 hours showing net buying. This recent week contrasts with the immediate hourly dip, highlighting a period of strong overall accumulation despite today's consolidation.