Technical Analysis & Trade Signal: $VANA

/USDT

Current Price: $20.08

Momentum: Bullish, with a price surge of +7.84% in 24 hours.

Key Indicators:

1. RSI (Relative Strength Index): Approaching overbought levels (>70), indicating strong momentum but possible resistance ahead.

2. MACD (Moving Average Convergence Divergence): Bullish crossover observed, signaling upward momentum.

3. Support Level: $19.50

4. Resistance Level: $23.15

Trade Signal:

Entry Point: $20.00 - $20.20

Stop Loss: $18.80

Target Levels:

1. 🎯 Target 1: $21.50 (Short-term profit-taking)

2. 🎯 Target 2: $22.80 (Test of strong resistance zone)

3. 🎯 Target 3: $24.50 (Breakout potential with sustained momentum)

Trade Momentum: Strong Bullish trend with high trading volume and strong depth. Traders should monitor closely for any bearish divergence.

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