$VANRY has been trading in a clear downtrend over the higher time frames, with the chart showing a consistent pattern of lower highs and lower lows. This structure reflects ongoing selling pressure and weak bullish momentum, which has kept the price moving downward for an extended period.
Currently, the price is hovering in the 0.005–0.006 USDT zone, which is acting as a short-term support area. This level is important because it represents a potential base where buyers may begin to show interest. If this support holds, the market could enter a consolidation phase before attempting any upward move.
The Relative Strength Index (RSI) is close to the oversold region, indicating that selling momentum may be slowing down. When RSI reaches these levels, it sometimes leads to short-term relief bounces as traders look for undervalued entry points. However, an oversold RSI alone is not a strong reversal signal; price structure and volume confirmation are still necessary.
For a stronger recovery, $VANRY would need to break above key resistance levels, especially in the 0.008–0.010 USDT range. A move above this zone, combined with increased trading volume, could signal the start of a trend shift. Until then, the overall market structure remains bearish.
In the short term, the market may continue to move sideways or produce small relief rallies. Traders should watch for signs such as higher lows, rising volume, and resistance breakouts before expecting a sustained upward trend. As always, careful risk management is essential when trading assets that are in a prolonged downtrend. @Vanarchain #vanar
