$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.