Verasity (VRA) surged over 150% after breaking out of a multi-month descending channel in April 2025.
The prevailing price quo only runs to $0.003915, nearing a significant level of resistance at $0.003983.
Vigorous support occurs in the region of $0.003032 should a reversal happen, providing a potential basis.
Verasity (VRA) has made a massive change of trend in the market, making a significant breakout from its extended descending channel. To date, VRA is trading at a current price of $0.003915 as of May 8 / 2025, an 18.0% increase over a 24-hour period. The asset has now produced a return of more than 150% since the breakout happened, indicating a sweeping turn around of previous declining momentum.
Source: (X) Price Breakout Ends Prolonged Downtrend
The price of VRA had been confined within a descending channel since late December 2024. Several efforts had been made to clip the upper resistance of this channel until early April 2025. The breakout eventually forced VRA out of the downward pattern and culminated in a rally phase. This move occurred after several weeks of consolidation near the lower trend boundary, where price consistently found support.
This structural change marked the end of the persistent bearish phase and established a new direction. The breakout was accompanied by a steady increase in volume, reinforcing the strength of the move.
VRA Gains Accelerate After Support Retest
After the breakout, VRA briefly tried again for another time the upper boundary of the previous channel. The bounce off the $0.003032 support zone was strong enough to push the stock upward. Since that retest, there has been strong upward pressure on the token. VRA has also demonstrated good strength against major pairs, having gained 15.4% to Bitcoin and 9.1 % against Ethereum.
Volatility remained orderly without spikes. An upward trend continued for several days going forward, resulting in an asset moving to the current level of $0.003915.
Resistance Nears as Price Approaches Short-Term Ceiling
Even though the rally occurs, here at $0.003983, the initial resistance begins to be seen above. This area had previously served as the supply zone and can affect the near-term direction. In case the resistance gives way, more ascent may occur. Nevertheless any inability to sustain momentum could cause a retest of this $ 0.003032 support.
The daily price range reflects current volatility, with VRA trading between $0.003181 and $0.003983 over the last 24 hours. Traders are now watching for signs of consolidation or continuation in the current trend.
