$VANA ：Technical Analysis Interpretation
First, from a technical perspective, VANA's price is quite volatile. I remember on December 17, 2024, the price suddenly dropped and then slowly climbed back up.
Speaking of prices, we need to know two key points: support level and resistance level. VANA's support level is around $15-16, meaning that if the price drops to this level, there might be buyers stepping in to push the price back up. The resistance level is at $20-22; if the price goes up to this level, there might be sellers coming in to push the price down.
Looking at the trading volume, it is really unstable, especially on December 17, when the trading volume surged significantly.
Next, let's check the market situation. VANA's market cap is relatively stable, fully diluted at $2.3 billion. There are 30.08 million tokens in circulation, accounting for 26.7% of the total supply. However, VANA's position in the market is not high, only 0.0173%.
So, what does the future hold for VANA? Let me make a prediction:
In the short term, the price may fluctuate between $18-22, with an overall upward trend, but we need to be cautious of the resistance level at $20-22. As for trading volume, during Christmas and New Year, everyone may be busy celebrating, and the trading volume might soar.
In the medium term, the price may break through $22, with more and more buyers coming in. Trading volume will also increase as people return from their holidays.
In the long term, the price may continue to rise, reaching between $25-35. Investors may become increasingly interested in VANA, and trading volume will remain stable. Of course, if there are any major news or market events, trading volume could see another spike.
As for the next layout direction, I will guide everyone to aim for lucrative opportunities in altcoins, expecting a space over 10 times is not a problem. Like and comment to join me in laying out the entire bull market!
