VeChain has posted a modest recovery this month after a sharp October decline, but the recent price bounce has not been strong enough to reclaim lost ground.
VET rose more than 20% in the past week, yet it remains far below pre-crash levels. November has historically delivered strong returns, but traders appear unconvinced this year.
VeChain Has Lost Traders Confidence
VeChains price performance over the last seven years shows November has usually been its strongest month. The median return of 10.9% and the average return of 20.9% stand as the highest among all months. These gains often come after periods of muted activity, giving long-term holders reason to expect seasonal strength.
However, investors should exercise caution. December has been a difficult month for VET, often reversing Novembers momentum. The altcoin has regularly posted losses during this period, signaling that any gains in November may not carry into year-end.
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VeChain Historical Performance. Source: CryptoRank
Market participants remain cautious despite historical tailwinds. VeChains open interest (OI) has not recovered since the October crash, when it fell from $110 million to $28 million. That figure has remained unchanged for more than a month, pointing to weak conviction among traders.
This stagnant OI suggests that investors are not yet willing to deploy fresh capital into VET. Low derivatives activity can limit price strength. Furthermore, the lack of renewed participation signals that sentiment remains fragile heading into the final weeks of 2025.
VET Open Interest. Source: Coinglass
VET Price Is Breakout Remains
At the time of writing, VET is forming a descending wedge pattern and trades at $0.0168. The token sits just below the $0.0173 resistance. This is a key level that could determine whether short-term momentum builds or fades.
A breakout from the wedge would be historically bullish. Such a move could lift VET toward $0.0200, helping erase a portion of the 28% October decline. A push toward this level would also extend the recent 20% weekly rise, strengthening confidence in a near-term recovery.
VET Price Analysis. Source: TradingView
If VET fails to break above resistance, the pattern may lose its bullish structure. A drop below the $0.0157 support could send the price toward $0.0147. This outcome would weaken the bullish thesis, contradicting VeChains typical November performance and signaling continued uncertainty.
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