$VANA /USDT Technical Analysis

Current Price: $16.98

Timeframe: 30m (Binance)

Key Levels:

1. Target 1: $17.50

Immediate resistance level. A break above this confirms bullish continuation.

2. Target 2: $18.20

A significant zone aligned with prior support-turned-resistance. Look for a retest if breached.

3. Target 3: $19.00

Long-term bullish target and key psychological level.

Analysis:

Trend: Recovery phase after a consolidation period. Current bullish momentum signals potential breakout.

Volume: Increasing volume supports upward movement.

Support Level: $16.50 (current local support)

Action Plan:

Short-Term Traders: Consider taking partial profits at $17.50 and adjusting stop-loss to $16.80.

Long-Term Traders: Hold positions towards $19.00 with risk managed below $16.50.

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