Hello everyone, I’m Cryptorphic. I’ve been sharing insightful charts and analysis for the past seven years.
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Now, let’s dive into this chart analysis:
The beginning of August was tough for the crypto market, and VANRY suffered along with it. The price dropped as low as $0.0675 but managed to close at $0.0772, creating strong support.
VANRY has shown a decent rebound of 42% from the support level and is likely to test the $0.1455 resistance channel. The price has already broken above the dotted resistance trendline and the 21 EMA.
Key levels:
- Primary Support: 21 EMA and the dotted trendline at $0.0980. - Lower Support: $0.0768. - Primary Resistance: $0.1455. - Long-term Target: $0.3937.
DYOR, NFA.
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