$VANA /USDT Analysis: Technical Breakdown & Targets

Current Price: $16.463 (-0.36% on the 30m chart)

Technical Analysis:

$VANA /USDT is consolidating after a recent pullback from $18.065 (24h high).

The price has formed a potential support near $15.659 (24h low), with signs of reversal and renewed buying pressure evident in recent candles.

Resistance levels and targets are identified based on Fibonacci retracement and previous price action.

3 Targets for VANA/USDT:

1. Target 1 (T1): $17.000

Key psychological level and minor resistance.

If breached, it could trigger further momentum.

2. Target 2 (T2): $18.000

Major resistance at the 24h high level.

Closing above this level confirms a bullish continuation.

3. Target 3 (T3): $19.500

Extended target based on upward price channel projection.

A clear breakout will push towards a long-term bullish trend.

Actionable Advice:

Short-Term Traders:

Secure partial profits near $17.000 and adjust stop-loss accordingly.

Long-Term Traders:

Look for sustained breakouts beyond $18.000 for a move towards $19.500.

Stop Loss: Set below $15.650 to manage downside risk.

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