VeChain hard fork boosts price as volatility rises to 19%
VeChain (VET)
Editor:
Eugene Serbin
Tradersunion.com reports that VeChain (VET) rallied near $0.0083 this week, gaining almost 6% as bullish momentum faces overbought conditions. The network completed its Interstellar hard fork on September 16, 2026, introducing 11 Ethereum Improvement Proposals and lowering transaction costs. This upgrade, confirmed by NullTX, improved Ethereum compatibility and allowed new validators like Cointelegraph's CTDG to join the chain.
These developments lifted network activity and sentiment, setting the tone for heightened interest in VET. Technical indicators show strong momentum, with MACD and ADX reinforcing the sustained upward trend. The RSI sits at 64.61, approaching overbought territory as weekly volatility hit 19.56%.
Support is identified at $0.00813, with further backing from the Ichimoku Kijun around $0.0070115. Analysts note a positive outlook with minimal downside risk, though traders watch for a breakout above $0.009648. A pullback below $0.00813 could trigger a retracement toward $0.00756423. The base case sees price consolidating gains above immediate support levels.
How the market reacted
Whalio's own Binance spot order flow for VET, measured when this story was written up on 19 September 2026. Not the outlet's figures.
Current Binance spot data shows VET trading at $0.007869, with a 24-hour buy ratio of 53.0%. Shorter-term pressure is weaker, with the 1-hour buy ratio at 38.6% and the 4-hour ratio at 48.9%. Volume delta is negative in the short term, showing -$198,885 over 1 hour and -$57,075 over 4 hours. However, the 24-hour volume delta is positive at +$119,986, indicating net buying over the full day. The CVD at 24-hour close is +$45,104, confirming that buyers have dominated the daily session. This suggests that while immediate selling pressure exists, the broader daily trend remains constructive.
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, the average buy ratio was 50.9%, with the latest day showing a 2.1 point increase. Volume was 1.08 times the average, reflecting slightly higher activity than usual. The price rose 7.8% over eight days, with a total volume delta of +$336,519. Net buying occurred on five of the seven days, indicating a generally positive trend. Today's 24-hour buy ratio of 53.0% is above the weekly average of 50.9%, showing stronger buying pressure than the recent norm. Volume today was also above average, supporting the sustained upward momentum observed over the week.