VANA: Big Drop, But Is a Rebound Coming? đ
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 â 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 â 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 đ§:
⢠Support: $18.20
⢠Resistance: $22.50, $24.00
⢠Target: $28+ if momentum builds!
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