Technical Analysis of Vanry Based on Historical Support Levels
In the 2-day (2D) time frame, 
VANRYUSDT Vanry ( VANRYUSDT VANRY/USDT) has been displaying a clear support level around the $0.0522–$0.0659 zone, marked by the blue line and highlighted as a key historical support area.
This region has been tested multiple times in recent months, suggesting that buyers are stepping in to defend this level whenever the price dips near it.
Here’s a breakdown of key insights from this chart:
*Historical Support Area: The price has approached the historical support range of $0.0522–$0.0659 several times.
This area has acted as a solid foundation, preventing further decline on multiple occasions.
The continued testing of this support suggests its significance, as failure to break below may initiate a reversal.
Potential Rebound Opportunity: Given the significant volume accumulation near this support, it may serve as a strong base for a potential price rebound.
Traders often look for such areas as entry points, anticipating a bounce if the level holds.
Upside Resistance Levels: If the price starts to rally from the support zone, the following resistance levels can act as short-term targets:
These red lines represent possible hurdles where selling pressure might emerge, given their role as previous high points.
Volume Confirmation: The chart shows moderate volume around the support area, indicating that market participants are paying attention to this level.
A spike in volume during a breakout above the current level would add strength to a bullish scenario.
Downside Risk: A sustained break below the historical support area would indicate a bearish shift, with the potential for further declines.
In this case, traders should monitor volume closely and consider stop-loss levels to manage risk effectively.
Conclusion:VANRYUSDT Vanry is currently trading near a significant historical support zone, which could provide a potential entry for bullish traders.
However, the price needs to stay above this area to maintain positive momentum.
A breakout above this support zone could push the price towards the outlined resistance levels, while a breakdown may signal a bearish continuation.
VANRYUSDT Vanry ( VANRYUSDT VANRY/USDT) has been displaying a clear support level around the $0.0522–$0.0659 zone, marked by the blue line and highlighted as a key historical support area. This region has been tested multiple times in recent months, suggesting that buyers are stepping in to defend this level whenever the price dips near it.
Here’s a breakdown of key insights from this chart:
*Historical Support Area: The price has approached the historical support range of $0.0522–$0.0659 several times.
This area has acted as a solid foundation, preventing further decline on multiple occasions.
The continued testing of this support suggests its significance, as failure to break below may initiate a reversal.
Potential Rebound Opportunity: Given the significant volume accumulation near this support, it may serve as a strong base for a potential price rebound.
Traders often look for such areas as entry points, anticipating a bounce if the level holds.
Upside Resistance Levels: If the price starts to rally from the support zone, the following resistance levels can act as short-term targets:
- First Resistance at $0.1350
- Second Resistance at $0.2390
- Third Resistance at $0.3155
These red lines represent possible hurdles where selling pressure might emerge, given their role as previous high points.
Volume Confirmation: The chart shows moderate volume around the support area, indicating that market participants are paying attention to this level.
A spike in volume during a breakout above the current level would add strength to a bullish scenario.
Downside Risk: A sustained break below the historical support area would indicate a bearish shift, with the potential for further declines.
In this case, traders should monitor volume closely and consider stop-loss levels to manage risk effectively.
Conclusion:
VANRYUSDT Vanry is currently trading near a significant historical support zone, which could provide a potential entry for bullish traders. However, the price needs to stay above this area to maintain positive momentum.
A breakout above this support zone could push the price towards the outlined resistance levels, while a breakdown may signal a bearish continuation.
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