$VANA /USDT – Technical Outlook.

$VANA is currently trading at $7.08, up 5.2% on the day — but is the momentum sustainable? Here's what the charts are saying:

🔻 Bearish Signals:

RSI at 44.14 → Neutral but edging closer to oversold territory.

Bearish candlestick patterns → Recent bearish engulfing and pin bar suggest ongoing selling pressure.

Below key moving averages → The 50-day and 200-day SMAs are below the price, hinting at a weak trend.

🟢 Bullish Potential:

Support zone at $6.50–$7.00 → Price is holding above support with room to bounce.

Strong trading volume → Indicates interest, which could fuel a reversal if buyers step in.

Bottom Line:

Mixed signals for now. $VANA is testing key support, and while bearish pressure is present, a bounce isn’t off the table if buyers show up. Keep an eye on $6.50 as a critical level!

DYOR.