$VANA /USDT Technical Analysis 🎯

Current Price: $16.31 (+1.77%)

24h High: $17.859

24h Low: $14.607

Volume (24h): 5.01M VANA

Key Insights:

VANA has been volatile, recently bouncing off its 24-hour low of $14.607. However, bearish momentum is visible in the short term. Let’s analyze its possible price trajectory:

Targets

1️⃣ Target 1: $17.00

Scenario: If VANA breaks above $16.80, the next resistance lies at $17.00. Traders can look for quick scalping opportunities here.

Signal: Watch for strong buying volume around $16.70-$16.80.

2️⃣ Target 2: $18.50

Scenario: Sustaining above $17.00 could push VANA towards $18.50, which aligns with a key Fibonacci level.

Signal: Momentum indicators (RSI and MACD) should confirm a bullish crossover.

3️⃣ Target 3: $14.00 (Support)

Scenario: If VANA fails to hold $15.50, it could retest $14.00, a strong support zone.

Signal: Breaking below $15.00 with high sell pressure would confirm this move.

Trading Strategy:

Use 15m and 1h charts for short-term trades.

Keep an eye on volume spikes near key levels.

Risk management is essential due to recent high volatility.

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