Technical Analyst CrediBULL Accumulates VET on Elliott Wave Bullish Signal

A well-followed technical analyst, CrediBULL Crypto, has initiated a strategic accumulation of VeChain (VET), citing a strong bullish signal based on a textbook Elliott Wave pattern [1]. The analyst has labeled this a “till end of cycle” hold, a long-term positioning strategy rooted in the belief that a clean five-wave impulse, observed more than a year ago, is now followed by the near completion of a corrective Wave 2 [1]. According to Elliott Wave theory, a successful completion of this phase could set the stage for a powerful Wave 3 move, often marked by a sharp and sustained upward trajectory.

CrediBULL’s analysis is further reinforced by historical parallels drawn with Bitcoin’s $3,000 bottom, where a similar clean impulse pattern preceded a multi-year rally [1]. This comparison suggests that VET may be at a similar inflection point, with a potential breakout imminent once the correction concludes.

Current market data shows VeChain trading at $0.02410, with a 24-hour decline of 4.5% and a nearly 10% weekly drop [1]. The token’s market cap stands at approximately $2.07 billion, with daily trading volume fluctuating between $60 million and $70 million [1]. Despite these short-term declines, technical indicators suggest that the bearish momentum may be reaching a critical juncture. The RSI is near oversold levels at 34, while moving averages and momentum indicators continue to signal weakness. This aligns with CrediBULL’s thesis that the corrective phase is nearing its end and that a reversal could be imminent.

Elliott Wave analysis from FXStreet supports the view that VET is in the final stages of Wave II, a complex corrective pattern [1]. The projected target for the final leg of the correction is the $0.020–$0.018 range, with a breakdown below $0.017 indicating a failed setup and invalidating the current wave count [1]. Analysts have highlighted that a clean initial impulse is a rare and key feature in wave setups, and the current structure suggests that the worst of the retracement may already be in the rearview [1].

CrediBULL emphasizes that this is a purely technical trade, unconnected to VeChain’s fundamental developments or enterprise partnerships [1]. The strategy is to hold the asset through the remainder of the cycle, betting on the potential for Wave 3 to ignite a sharp bullish move. For traders considering this position, risk management is essential. A key level to watch is $0.017, as a break below that would signal the need to reassess the setup. Confirmation of a reversal could come through RSI divergence, increased volume, or a clear five-wave recovery [1].

Looking ahead, some analysts have projected VET’s price could reach $0.02659 by 2026, based on a 5% annual growth rate [5]. This forecast is derived from technical and market trend analyses and reflects optimism about the asset’s long-term potential. However, it is important to distinguish between actual price movements and analyst projections—this forecast is not indicative of current performance but rather an extrapolation of potential future trends [5].

In contrast to VET’s accumulation signals, other cryptocurrencies like XRP and Shiba Inu have seen mixed reactions from analysts and the community, highlighting the importance of focusing on individual asset fundamentals and technical setups [6]. While some altcoins are showing resilience, the broader market remains highly variable, reinforcing the need for careful due diligence and a focus on chart-driven strategies [6].

For investors, the current technical environment for VET presents a cautious but optimistic outlook. The convergence of bullish signals—including confirmed chart structures and strong market sentiment—supports the accumulation strategy being employed by CrediBULL Crypto [1–3]. However, as with all market speculation, investors are encouraged to conduct their own research and evaluate broader market conditions before committing to any position [4].

Source:

[1] Times - [https://timestabloid.com/analyst-starts-vechain-vet-accumulation-based-on-this-bullish-signal/](https://timestabloid.com/analyst-starts-vechain-vet-accumulation-based-on-this-bullish-signal/)

[2] TradingView - [https://www.tradingview.com/symbols/VETUSDT/ideas/](https://www.tradingview.com/symbols/VETUSDT/ideas/)

[3] The - [https://thecryptobasic.com/2025/07/30/analyst-predicts-potential-dogecoin-price-rally-as-it-breaks-key-resistance-levels/](https://thecryptobasic.com/2025/07/30/analyst-predicts-potential-dogecoin-price-rally-as-it-breaks-key-resistance-levels/)

[4] Metadoro - [https://metadoro.com/analytics/market-research-review](https://metadoro.com/analytics/market-research-review)

[5] Bitget - [https://www.bitget.com/price/vechain/price-prediction](https://www.bitget.com/price/vechain/price-prediction)

[6] The - [https://thecryptobasic.com/2025/07/30/shiba-inu-holds-breakout-analyst-maintains-500-price-target-to-0-000081/](https://thecryptobasic.com/2025/07/30/shiba-inu-holds-breakout-analyst-maintains-500-price-target-to-0-000081/)