VeChain Price Prediction: Analysts Target Breakout Toward $0.057

Key Insights:

• VET price risks falling to $0.018 after a failed wedge breakout unless bulls reclaim support above $0.020.
• Analyst Jonathan Carter sees a path to $0.057 if VET price breaks $0.025 resistance and holds upward momentum.
• World of Charts suggests VET price is retesting its breakout and could rally 2x if support holds and bulls return.

VeChain (VET) price faced renewed pressure as the altcoin market corrected sharply.

After losing 8% on April 15, VET price extended its decline with a further 3.57% intraday drop, reaching $0.02173.

The asset had previously broken out from a falling wedge, usually a bullish reversal pattern.

However, it failed to maintain upward momentum. This weakness raised the risk of a correction toward $0.018.

Despite this bearish setup, analysts remained divided, with some forecasting a rally toward $0.057 if critical price zones are reclaimed.

VeChain Price Prediction: Analyst Targets 150% Upside

Crypto analyst Jonathan Carter identified a falling wedge breakout on the daily chart and outlined a bullish roadmap.

According to his view, the breakout pattern would remain valid if VET price avoids a drop below key support.

The rally initially showed promise but was capped at $0.025, a strong resistance zone on multiple timeframes.

Notably, Carter’s price targets were placed at $0.0275, $0.040, $0.048, and $0.057, all based on Fibonacci extensions and former support-turned-resistance zones.

These levels suggest a potential 150% upside from current prices if buyers reclaim $0.025 and hold momentum.

However, Carter noted that a breakdown below $0.020 would invalidate the pattern and shift the outlook toward $0.018.

The RSI on the daily chart slipped below 50, signaling fading bullish strength.

Although momentum had weakened, Carter maintained that the setup could still support a breakout if bulls defend $0.020 decisively.

VeChain Technical Breakdown: $0.020 in Focus

On the technical side, VeChain price exhibited signs of a failed breakout. The move above the wedge pattern met resistance at the 78.6% Fibonacci level of $0.02574 and the 50-day exponential moving average.

Two consecutive Doji candles over the weekend reflected uncertainty, while April 15’s sharp decline completed an evening star formation—a bearish reversal signal.

VET price hovered just above its prior wedge resistance, now acting as immediate support.

A close below $0.020 would confirm a bearish reversal and could open room for further declines toward the $0.018 zone.

That region aligns with prior demand and psychological round-number support.

The token traded beneath all major EMAs—50-day, 100-day, and 200-day—arranged in a bearish order.

For any recovery to gain traction, VET must first defend $0.020 and then reclaim $0.025 with rising volume.

Analyst Supports Bullish Retest

Furthermore, World of Charts echoed a bullish narrative, pointing to another falling wedge breakout on the VET price.

The analyst noted that VeChain price rallied over 200% during a similar pattern in 2023. In this case, the token appeared to be undergoing a textbook retest of the breakout trendline.

According to the analyst, this kind of retest, if successful, often sets the stage for a continuation rally.

The chart projected a 2x upside, with a possible peak near $0.065 if the current structure holds.

The bullish wave, however, required confirmation through a strong rebound and reclaim of resistance at $0.025.

So far, the price action had not validated this outlook. However, the pattern’s structure remained intact, contingent on a hold above the trendline.

Partnerships and Ecosystem Growth Provide Support

Beyond technicals, VeChain’s ecosystem expansion offered additional bullish arguments.

UFC CEO Dana White recently joined as an official project advisor.

Market analyst Michael Van De Poppe described this development as a significant credibility boost for VeChain’s global reach.

Moreover, VeChain expanded the cooperation with environmental company 4ocean and ventured into solving the problem of ocean plastic with the help of blockchain tools.

This partnership fit well with VeChain’s direction towards sustainability, transparency, and the development of enterprise-level solutions.

Even though in the short term, the price will remain vulnerable, these trends serve to boost the long-term fundamentals of VeChain.

If these macro scenarios remain in place or reversed to support from a resistance level, VET price might push towards a much higher target.