$VANA/USDT trading chart.
Chart Analysis Summary
Current Price: $6.204
24H High: $6.578
24H Low: $5.854
7-Day Performance: -30.64% (downtrend)
30-Day Performance: -12.83%
Technical Analysis (4H Timeframe)
Moving Averages (MA):
MA(7): $6.291 (slightly above the current price, acting as resistance)
MA(25): $7.372 (confirms a downtrend)
MA(99): $7.123 (long-term resistance)
Volume: Declining, indicating weaker movement.
Market Sentiment: Sellers are more active (Sell 60% vs. Buy 39%).
Trading Strategy Based on the Chart
Short-term (Scalping/Intraday): If the price holds the $5.85-$6.00 support zone, a bounce is possible.
Swing Trading: If the price breaks the $6.60-$7.00 level, a bullish movement could begin.
Long-term: If the downtrend continues, potential new entry points could be around the $5.50-$5.80 range.
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