VeChain (VET) is testing a key resistance zone after a sharp breakout lifted the token toward $0.0088, and two analysts are offering different readings of what comes next. Egrag Crypto argues that a September monthly close above $0.0085 could mark VET's first higher high within the current price structure, while Crypto With Gopal sees a rising wedge that could expose the token to lower levels if support fails. Either way, $0.0080 stands as the level to defend on the downside and $0.0088 as the level to clear on the upside.

VET Pushes Higher After Breakout

VET, the native token of the enterprise-focused VeChain blockchain, last traded at $0.008282, with the most recent candle ranging from $0.008277 to $0.008332 (chart via TradingView). The token has climbed from roughly $0.0044–$0.0045 earlier in the chart and, more recently, advanced from around $0.0070, clearing $0.0075–$0.0080 before reaching a recent high near $0.0088, roughly double those earlier levels.

Volume expanded during the breakout, with current VET volume around 3.28 million. The rejection near $0.0088 has nonetheless placed that area under pressure. The latest price action leaves $0.0080 as the immediate support level, and traders are watching $0.0075 and $0.0070 below it.

Analysts Track Monthly Close and Wedge

In a post on X, Egrag Crypto said VeChain (VET) could print its first higher high if September closes above $0.0085, a level he said could represent a meaningful shift within the current structure. In chart analysis, a higher high is a peak that exceeds the prior one, the sequence traders point to when describing an uptrend, and that is what places the monthly close at the center of the call. With 11 days left before the monthly candle closed, he urged traders to watch the monthly close closely.

Crypto With Gopal presented a different setup built around a rising wedge pattern, a formation in which upward swings narrow between converging boundaries and one that chartists associate with a downside resolution. Under that reading, resistance sits near $0.0089 as VET approaches the wedge's upper boundary, with momentum remaining extended. A rejection from the pattern could send the token toward $0.0070 first, with a projected downside target near $0.0038.

The two calls point in opposite directions, but they come with clear checkpoints: whether September's candle closes above the $0.0085 line Egrag flagged, and how VET behaves at the $0.0088–$0.0089 zone that forms the upper boundary of Gopal's wedge.

RSI and MACD Keep Momentum in Focus

On the four-hour timeframe, the RSI stands at 58.59 against a moving average of 65.91. The indicator has retreated from overbought territory without entering bearish territory. The MACD, meanwhile, remains above its signal line, reading 0.000289 versus 0.000248, with a positive histogram at 0.000041.

Momentum has moderated, although the bullish crossover remains intact. That leaves $0.0088 as the immediate resistance: a sustained move above the level would put $0.0090–$0.0100 into focus, while losing $0.0080 could expose $0.0075 before another upward attempt.