Here is a quick glance and analysis of the pair $VANA /USDT according to the latest data:
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Summary of the VANA/USDT pair
Current Price: 6.53 USD
24-hour Change: -8.15% (Bearish Expectations)
24-hour High/Low: 7.313 USD / 6.428 USD
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Volume
VANA Volume: 1.92 million USD
USDT Volume: 13.31 million USD
Last Volume: 105.85
Moving Average Volume (5): 148.09
Moving Average Volume (10): 311.67
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Moving Averages
Moving Average (60): 6.516
The current price is very close to the moving average (60), indicating a key technical pivot area.
If the price drops below this level, it may breach the support level.
If the price holds, a short-term bounce is likely.
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Market Behavior
The significant drop from the 24-hour high indicates intense selling.
Volatility is high; therefore, traders should expect rapid price fluctuations.
Liquidity appears good given the relatively high trading volume of USDT.
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Support/Resistance
Support: ~6.42 USD
Resistance: ~6.95 USD to 7.31 USD
(If the momentum shifts to an upward trend)