Technical Analysis: VANRY/USDT - Bullish Momentum with Strong Targets 🎯
The VANRY/USDT pair has been showing a strong bullish momentum in the past 24 hours, with a notable price increase of +17.98%. Let's dive into the key technical indicators and set some targets to watch.
Key Technical Indicators:
Current Price: 0.0853 USDT (up by +17.98%)
SAR (Stop and Reverse): 0.0766 USDT — indicating potential trend continuation with a strong upward movement.
24h High: 0.0869 USDT
24h Low: 0.0714 USDT
24h Trading Volume: 116.99M VANRY / 9.10M USDT
Price Action Analysis:
The price has been consistently trending higher, breaking through recent resistance levels. With volume supporting the bullish move, the uptrend looks to be gaining strength. The market is currently testing near the 24-hour high of 0.0869 USDT, suggesting that a breakout could be imminent if momentum holds.
Target Levels 🎯:
1. Target 1: 0.0883 USDT
This is the immediate resistance level. A breakout above this price would signal a continuation of the upward trend, potentially pushing the price even higher.
2. Target 2: 0.0900 USDT
As the price consolidates around 0.0883 USDT, the next target to watch is 0.0900 USDT, where sellers may try to regain control. If buying pressure remains strong, this level could be reached.
3. Target 3: 0.0950 USDT
This is a more long-term target. If the current bullish momentum persists, 0.0950 USDT could be a key resistance zone where profit-taking could occur. It would represent a solid gain from the current levels.
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{spot}(VANRYUSDT)