If you’ve been scanning the charts for @Vanarchain $VANRY today, you’ve likely noticed the tension. Currently trading around $0.0070, the asset is coming off a fresh all-time low hit just yesterday. While the headlines are buzzing about the recent AI Integration Launch, the price action is telling a story of intense accumulation hidden behind a bearish curtain.
📉 The Elliott Wave Perspective In Elliott Wave theory, Wave 2s often retrace deep into the territory of the previous Wave 1 sometimes as much as 90%. We are seeing exactly that right now. The good news? Once a Wave 2 completes its "ABC" zig-zag, it usually leads into Wave 3, which is historically the longest and most profitable leg of the cycle. For $VANRY , the "C" leg of this correction looks nearly exhausted at the $0.0068 support wall.
🔍 Price Action: The "Line in the Sand"
The technicals are currently balanced on a knife-edge. We’ve seen a clear Falling Wedge pattern on the 4-hour chart, which is a classic bullish reversal signal.
•Support: The absolute "must-hold" level is $0.0068. We’ve seen buyers defend this zone aggressively twice in the last 24 hours.
•Resistance: The first major hurdle is the 20-day EMA at $0.0082. Reclaiming this level would confirm a trend shift from bearish to neutral-bullish.
Target: If the breakout from the wedge confirms with volume, the short-term Elliott target for the start of Wave 3 sits at $0.0115, representing a potential ~60% upside from current levels.
💡 The Verdict
$0.0076 to confirm that the bottom is in. A failure to hold $0.0068 would invalidate this bullish wave count and suggest a longer period of consolidation.
Not financial advice. Markets are highly volatile always protect your capital.DYOR
