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The analysis focuses on VeChain (VETUSDT) using weekly and daily timeframes. The analyst notes a bearish setup on the weekly chart, suggesting a potential push down to $0.01989. The daily chart shows price fluctuations between resistance and support levels. It's observed that VET often retraces to support after failing to breach resistance, with the analyst seeing a push lower towards $0.01989 in the near term, also, the failure bound set as 0.02670. The opening weekly candle indicates bearish momentum. Bitcoin dominance and USDT dominance metrics are discussed in relation to altcoin season. The analysis suggests a short-term bearish outlook for VET but remains bullish long-term, expecting a consolidation breakout eventually, possibly towards the end of August or in September.