VeChain tested monthly support at $0.0117 as momentum indicators flashed a reset. VET plummeted 27.9% from December’s peak, erasing three months of gains. Bulls are now guarding the $0.0117 monthly low after six consecutive red weekly candles. Traders question if this level will hold as final support or if a deeper flush is ahead.

VeChain’s price action tells a story of conflicting forces as VET dropped 21.9% over the past month to $0.0139, wiping out recovery attempts from earlier this year. The devastating drop accelerated after Bithumb announced temporary suspension of VET and VTHO transactions for a major upgrade, removing liquidity precisely when bulls needed it most. The main question for traders is: can the surge in staking activity from new tokenomics provide enough buying pressure to defend critical support, or will the technical breakdown continue despite fundamental improvements?

VeChain dropped 13.4% this week, pushing price to test crucial $0.015 support. Technical indicators flash oversold signals matching August’s capitulation levels. Bulls defend multi-month support zone despite heavy selling pressure.