VeChain’s Historic Best Month Isn’t Helping: Why Traders Are Avoiding VET in November 2025?
Despite November historically being VeChain's strongest month, traders are hesitant due to low open interest following an October crash.Summary
VeChain (VET) has seen a modest recovery, rising over 20% in the past week, but remains below pre-crash levels. Historically, November is VET's best-performing month, boasting a median return of 10.9% and an average of 20.9%. However, traders appear unconvinced this year, as VeChain's Open Interest (OI) has remained stagnant at low levels ($28 million) since the October crash, indicating weak conviction and a reluctance to deploy fresh capital.
Currently, VET is trading at $0.0168, forming a descending wedge pattern just below the key resistance level of $0.0173. A breakout above this resistance could propel VET toward $0.0200, validating the historical bullish trend. Conversely, failure to break resistance and a drop below the $0.0157 support could invalidate the bullish structure, suggesting continued uncertainty and contradicting the typical strong November performance, especially considering December often reverses November's gains.
(Source：BeInCrypto)