VANA: Big Drop, But Is a Rebound Coming? 🚀
Technical Analysis:
• Pattern: VANA is in a clear downtrend after a parabolic move to $35.80. The massive sell-off has pushed prices below critical support.
• Indicators:
• RSI: Oversold at 26.90 on the hourly chart – buyers could step in for a rebound.
• Volume: Selling pressure has started to ease.
• MA (7) and MA (25) show bearish momentum, but price action near $18.20 suggests potential bottom formation.
Next Move:
• Watch for consolidation near $18 – if buyers defend this level, a bounce to $22-$24 could follow.
• Risk: A break below $18 may trigger another slide to $12.00.
Market Sentiment:
• News: High volatility in new tokens like VANA is expected as traders lock in gains.
• Watch for updates: Any partnership or listing news could spark the next rally.
Keep an Eye 🧐:
• Support: $18.20
• Resistance: $22.50, $24.00
• Target: $28+ if momentum builds!
