$VANA is gaining momentum, currently trading at $7.29, reflecting a 2.07% increase on the day. After rebounding from an intraday low of $6.92, the price has maintained a steady upward trajectory, forming a strong bullish pattern on the 15-minute chart.
At present, VANA is approaching a critical resistance zone at $7.36, just below today’s high of $7.369. This level has historically acted as a significant supply zone, and a decisive breakout will require substantial bullish momentum.
Key Levels to Watch
Resistance Zone: $7.36 – $7.40
Support Levels: $7.10, followed by $6.92
Breakout Confirmation: A strong candle close above $7.38, supported by volume, could open the door for further upside toward $7.60 and potentially $8.00.
Volume Analysis
So far, 1.14 million VANA has been traded, indicating increased market interest. However, the volume has yet to reach the level required for a confirmed breakout.
Technical Outlook
The price structure remains bullish, characterized by higher lows and a continuation pattern, suggesting consistent buying activity on dips. However, the $7.36 resistance remains a crucial level to monitor. If the price faces rejection at this level again, short-term pullbacks toward $7.10–$7.00 may occur before another breakout attempt.
Conclusion
The current momentum favors the bulls, but all eyes should remain on the $7.36 resistance zone. A successful breakout could trigger the next leg higher, while failure to break above this level may lead to a consolidation or short-term pullback before further upward movement.
Trade $VANA /USDT now and stay updated on market developments.
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