VeChain Price Drops 9.7%, But Experts Say It's Just a Technical Pullback

VeChain's (VET) price dropped by 9.7% over the last 24 hours, but experts say this is a technical pullback rather than a bearish signal.

The drop follows a strong rally driven by anticipation of the InterStellar phase of VeChain's 'Renaissance' roadmap, centered on the VIP-255 upgrade scheduled for September 16, 2026. This upgrade brings VeChainThor closer to modern Ethereum EVM standards and has been heavily promoted in community posts.

Despite the 24-hour drop, VET is still up about 11.17% over the last 7 days. The intraday structure of the move points to a technical pullback and profit taking as the main immediate driver, with no single crash candle and a step-down pattern in historical series.

Public trading commentary on X also suggests that VET is facing resistance at around $0.0082-$0.0085, which has led to profit taking from longs who bought the breakout and new speculative shorts leaning on that resistance.