Technical Analysis Update: $VANA /USDT 馃殌
Current Price: $18.896 (-0.82%)
Last 24H Change: +11.37%
Analysis Overview:
The $VANA /USDT pair has shown strong upward momentum in the last 24 hours, hitting a high of $22.22 before retracing to its current level. The price is consolidating near $18.90, showing potential for further movement in either direction.
Targets:
1. Immediate Resistance: $20.50
A break above $20.50 could confirm bullish continuation, with the price potentially retesting recent highs.
2. Mid-Term Target: $22.00
If bullish momentum sustains, the next major resistance is at $22.00, where traders should watch for profit-taking and potential pullbacks.
3. Long-Term Target: $25.00
A strong breakout above $22.00 and sustained volume could push the price toward $25.00, marking a new significant high.
Recommendation:
Short-term Traders: Monitor $18.50 as support; consider taking partial profits near $20.50.
Long-term Investors: Hold positions while keeping an eye on key support at $17.00 to safeguard against downside risk.