VeChain Drops Toward Support While Adoption Grows — Is a Rebound Coming?

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• VET remains in a confirmed downtrend, trading below major moving averages.
  
• Support near $0.00734 is critical; losing it could trigger further declines.
  
• Enterprise adoption continues, supporting VeChain’s long-term fundamentals.

VeChain’s native token VET remains under pressure as technical indicators point to continued weakness, even as real-world blockchain adoption grows. As of February 20, 2026, VET is trading near $0.00777, hovering just above a key support zone and facing resistance that traders say could determine its next move.

Data from TradingView shows the token attempting a modest rebound after touching the lower Bollinger Band, but the bounce has so far failed to build sustained momentum.

Technical Signals Show Persistent Downtrend

Short-term indicators reveal a market still dominated by sellers. VET remains below its 20-day simple moving average near $0.00807, which is acting as immediate resistance. More importantly, the token is trading beneath the 50-day, 100-day, and 200-day averages — a structure that confirms a longer-term bearish trend.

Momentum indicators reinforce this outlook. The relative strength index sits around 38, suggesting weak buying interest but not yet oversold conditions. Meanwhile, the MACD remains below zero, though a slightly positive histogram hints at a possible slowdown in selling pressure.

If VET falls below support near $0.00734, analysts warn the next downside target could sit around $0.00650. Conversely, reclaiming the 50-day average near $0.00880 would be the first signal that sentiment is beginning to improve.

Adoption Continues Beyond Market Speculation

Despite price weakness, the VeChain ecosystem continues to see enterprise use cases. Companies such as Decent are integrating blockchain tools for operational tracking, compliance verification, and secure documentation.

These applications demonstrate how blockchain networks can support real business workflows, from monitoring employee actions to storing tamper-resistant records. Industry observers note that such adoption strengthens the project’s long-term fundamentals even if token prices lag in the short term.

Also Read: VeChain’s Sustainability Push Hits 300,000 kg Milestone as On-Chain Use Surges

Why Traders Are Watching Key Levels Closely

For investors, the coming weeks may hinge on whether VET can hold its current support range. A breakdown could accelerate selling, while a move above the $0.00880 resistance level would mark the first meaningful shift toward recovery.

Until that happens, market structure suggests caution. Still, ongoing enterprise adoption means the project’s relevance may extend beyond immediate price swings — a factor long-term investors are unlikely to ignore.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.