$VANA /USDT Chart Analysis (4 hours)
Recent price behavior
Meteoric rise :
We observe abig green candlemarking a rapid rise in price. This indicates strong buying pressure, likely caused by a positive announcement, sudden interest, or significant investor accumulation.Chute progressive :
Following this surge, the price suffered abearish correctionmarked by several small red candles in a row. This phase is typical after a rapid rise, often due to profit-taking by short-term traders.Stabilization phase :
Currently the price seemsslow down its fallaround18,553 USDT. This level could act as atemporary supportif the request comes back.
In-depth technical analysis
Decreasing volume :
Volumes were high during the bullish candle, then gradually decreased during the correction. This means that selling pressure is waning, but a bullish recovery requires renewed interest from buyers.Key Level - Support:
18,553 USDT: First local support level.
10,253 USDT: Major support in case of a downside break. If this level is reached, it could lead to stronger selling pressure.
Moving average SMA 9 :
The SMA 9 is above the current price, indicating that thetrend remains bearish in the short termas long as the price fails to rise above this average.
Conclusion and perspectives
The vanauSDT chart shows a rapid rise followed by an expected correction. The current level around 18.553 USDT will be crucial. If the support holds, a consolidation or a potential bullish bounce may occur. However, if there is a break below this level, the price could slide towards the next support at 10.253 USDT.
Traders should watch for:
The evolution of volumes to detect a return of buyers.
Price reaction around key support.
The next resistances, especially if a rebound occurs.
