- VeChain’s price struggles amid macroeconomic pressure and U.S. tariff policies, with key support holding at $0.018.
- Despite VET’s price dip, active accounts surged in Q1, and regulatory wins hint at long-term bullish potential.
VeChain (VET) token struggled all weekend as concerns related to the macroeconomic and market situation came to a head, making it difficult. On April 3, the VET token experienced a huge fall of 8.10% amid a 3% fall in the entire crypto market, stirred by a new US presidential order introducing additional tariff policies. Now, $0.018 support remains the important level for a sustainable VET rally.
The VET token is currently trading within a falling wedge — a pattern often associated with an eventual bullish breakout. But right now, the token is moving downward from an overhead resistance trendline inside that wedge. That pressure, combined with market sentiment, is testing the strength of its short-term support at $0.020.
While the daily chart shows VET hovering around $0.0212478 but the bigger picture is showing signs of strain. The S1 pivot point at $0.02096 is barely holding the price up. If selling pressure continues to climb, analysts expect a potential dip toward the S2 level at $0.01998, a crucial zone where buyers might return — or retreat.
Active Accounts Surge to 74K in Q1 Despite Price Dip
Beyond the charts, the VeChain network is telling a different story. In Q1 2025, active accounts on the blockchain surged from just 9,000 to a peak of 74,491. By April 2, 2025, that number settled at a still-impressive 37,114. This growth in user engagement signals growing traction and may offer some cushion against the ongoing price drop.
Adding fuel to that momentum is VeChain’s regulatory win in Europe. The network recently secured a MiCAR license, opening the door to broader adoption among European companies. This move, if it translates to enterprise partnerships, could eventually support a rebound in VET’s valuation.
Michael van de Poppe, founder of MNConsultancy, said that VeChain’s upcoming ‘Renaissance‘ launch in July 2025 will bring a complete renovation to the tokenomics and add a new use case for VeChain. This change could constitute a restart, providing long-suffering investors with a reason to be positive.
$VET keeps on delivering.
– Renaissance going live in July ’25.
– MiCAR license obtained to service European enterprises.
– Governance proposal updates throughout Q2.
Improved tokenomics and staking rewards for participants within the VeChain ecosystem. pic.twitter.com/mp6MTkzaMm
— Michaël van de Poppe (@CryptoMichNL) April 1, 2025
Tokenomics Overhaul Could Set Stage for Bullish Turn
The July 2025 “Renaissance” event is being closely watched. Not only does it include a tokenomics refresh, but VeChain is also preparing governance proposal updates in Q2. These changes are expected to improve ecosystem rewards — a potential catalyst for long-term holders.
Still, the path forward may not be smooth. VET remains stuck inside a falling wedge, with bullish momentum losing steam. The RSI on the daily chart hovers just above oversold territory, showing fading strength among buyers. The R1 resistance near $0.030 could become the next ceiling to test, but only if bulls can wrestle back control.
Whether VET slides to $0.018 before bouncing or surprises with an early breakout remains to be seen. But with rising activity on-chain and big upgrades on the horizon, VeChain’s next chapter may hinge on whether its fundamentals can outweigh the weight of macro pressure.
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