VeChain has recorded a gradual recovery this month after a significant drop in October, but the recent price rebound has not been strong enough to regain lost ground.
VET has risen more than 20% over the past week, but remains well below pre-crash levels. November has historically produced strong returns, but traders seem unconvinced this year.
VeChain lost traders’ trust
VeChain’s price performance over the past seven years shows that November is usually its strongest month. The median return was 10.9% and the average return was 20.9%, the highest of all months. These gains often come after periods of low activity, giving long-term holders reason to expect seasonal strength.
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However, investors should be careful. December was a difficult month for VET, often reversing the momentum of November. During this period, altcoins have posted regular losses, suggesting that November’s gains may not be carried through to the end of the year.
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Despite historical tailwinds, market participants remain cautious. VeChain’s open interest (OI) has not recovered since the October crash, when it fell from $110 million to $28 million. This figure has remained unchanged for over a month, indicating weaker confidence among traders.
This stagnation in OI suggests that investors are not yet willing to put new money into VET. Low activity in derivatives trading may limit price strength. Furthermore, the lack of new participants indicates that sentiment remains fragile heading into the final weeks of 2025.
VET price remains in breakout
At the time of writing, VET has formed a descending wedge pattern and is trading at $0.0168. The token is located just below the $0.0173 resistance level. This is a key level that can determine whether short-term momentum gains or wanes.
A breakout from the wedge would be historically bullish. Such a move could push VET towards $0.0200 and help erase some of October’s 28% decline. A push towards this level would extend the recent 20% weekly rally and strengthen confidence in a near-term recovery.
If VET fails to break above the resistance, the pattern may lose its bullish structure. Once below the $0.0157 support, the price could head towards $0.0147. This result weakens the bullish theory, contradicts VeChain’s typical November performance, and signals continued uncertainty.
