$VANA

/USDT Market Overview

Price: $13.83 (-5.13%)

Category: Layer 1 Blockchain

24h High: $14.781

24h Low: $13.468

24h Volume:

VANA: 889,722.69

USDT: $12.61M

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Technical Analysis

Trend

The market is bearish, with the price continuing to trend downward.

Support & Resistance Levels

Support: $13.468 | $13.200

Resistance: $14.047 | $14.211 | $14.500

Indicators

1. Moving Averages (MA):

The price is below both short-term and long-term moving averages, reinforcing a bearish outlook.

2. Bollinger Bands (BOLL):

The price is near the lower band, suggesting oversold conditions and a potential short-term recovery.

3. SAR (Stop and Reverse):

Bearish dots above the price indicate ongoing selling pressure.

4. EMA (Exponential Moving Average):

EMA values suggest the current downward momentum may persist in the near term.

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Market Sentiment

Bearish Scenario:

Continued sell-off could push the price toward $13.200 or lower if $13.468 support breaks.

Bullish Scenario:

A recovery above $14.211 could signal a reversal, targeting $14.500 or $14.781.

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Trading Strategy

Short-Term

1. Buy:

Enter near $13.468-$13.500 with a stop-loss below $13.200, targeting $14.047-$14.211.

2. Sell:

Short near $14.211-$14.500 with a stop-loss above $14.781, targeting $13.800 or lower.

Long-Term

Accumulate if the price stabilizes above $14.500 with higher trading volumes.

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Risk Management

Maintain tight stop-losses due to high market volatility.

Monitor trading volumes and price action near critical support and resistance levels for confirmation of trends.

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