The $VANA pair is trading at $21.051, showing a significant +12.00% gain in the last 24 hours. The price has climbed steadily, testing a high of $21.698, indicating strong bullish momentum. However, after hitting the resistance, the price has pulled back slightly, currently consolidating just above the $21.00 mark.
Key Levels to Watch:
Resistance: The immediate resistance is at $21.70. A breakout above this level could push the price toward the $22.50 and $23.00 zones.
Support: The closest support lies at $20.00, followed by stronger backing at $18.50, which represents a key level for maintaining the upward trend.
The recent bullish momentum suggests buyers are actively driving the market higher. However, volume confirmation is essential to validate any breakout attempts above resistance. Traders should monitor the price action closely and avoid overexposure during potential retracements.
For short-term traders, securing partial profits near resistance and adjusting stop-loss levels is advisable. For swing traders, watching for a confirmed breakout above $21.70 could signal an opportunity to ride the next leg of the rally.