$VANRY /USDT – Daily Timeframe Analysis
On the 1D chart, VANRY/USDT continues to reflect the aftermath of a strong rally that peaked around 0.0122. After that impulsive move upward, price entered a clear corrective phase, forming a consistent pattern of lower highs and lower lows. This structure confirms that the broader trend remains bearish for now.
Recently, price found support near the 0.0049 level, where buyers stepped in and prevented further downside. From that low, VANRY has managed to recover toward the 0.0063 area, where it is currently consolidating. This bounce shows that demand exists at lower levels, but the recovery so far appears corrective rather than impulsive.
The Parabolic SAR dots remain positioned above the candles on the daily timeframe, signaling that the prevailing trend is still downward. For a confirmed bullish shift, we would need to see SAR flip below price along with stronger bullish candles and expanding volume. Until that happens, rallies may face selling pressure at key resistance zones.
Looking at volume, the strongest activity occurred during the earlier rally and the initial stages of the drop. Since then, volume has gradually declined, suggesting reduced momentum from both buyers and sellers. This type of volume contraction often precedes a breakout, but direction remains uncertain. Traders should watch for a decisive volume spike to confirm the next major move.
Key levels to monitor:
Support: 0.0049 remains the major support zone. A breakdown below this level could open the door for further downside continuation.
Immediate resistance: Around 0.0077.
Stronger resistance: Between 0.0093 and 0.0109, where previous distribution occurred.
For bulls, the first step is reclaiming and holding above 0.0077 with strong daily closes and increasing volume. That would improve short-term momentum and potentially trigger a move toward higher resistance levels. A break above 0.0093 would be a stronger signal that the trend may be shifting from bearish to neutral or even bullish.
For bears, as long as price remains below major resistance and the structure continues forming lower highs, the downtrend bias remains intact. Failure to hold above current consolidation levels could result in another retest of 0.0049 support.
At this stage,
$VANRY appears to be in a consolidation phase after a significant correction. Markets often need time to build accumulation before a sustained reversal. Patience and proper risk management are key. Avoid overleveraging, respect support and resistance, and wait for confirmation rather than anticipating moves.
As always, this is not financial advice. Trade smart, manage risk carefully, and follow your own strategy.
@Vanar $VANRY #Vana