VANA: Big Drop, But Is a Rebound Coming? š
Technical Analysis:
ā¢ Pattern: VANA is in a clear downtrend after a parabolic move to $35.80. The massive sell-off has pushed prices below critical support.
ā¢ Indicators:
ā¢ RSI: Oversold at 26.90 on the hourly chart ā buyers could step in for a rebound.
ā¢ Volume: Selling pressure has started to ease.
ā¢ MA (7) and MA (25) show bearish momentum, but price action near $18.20 suggests potential bottom formation.
Next Move:
ā¢ Watch for consolidation near $18 ā if buyers defend this level, a bounce to $22-$24 could follow.
ā¢ Risk: A break below $18 may trigger another slide to $12.00.
Market Sentiment:
ā¢ News: High volatility in new tokens like VANA is expected as traders lock in gains.
ā¢ Watch for updates: Any partnership or listing news could spark the next rally.
Keep an Eye š§:
ā¢ Support: $18.20
ā¢ Resistance: $22.50, $24.00
ā¢ Target: $28+ if momentum builds!
